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30 Jul
01:00

Sinosteel looks to buy into Pakistan Steel Mills

China’s Sinosteel has delivered proposals to invest in and revamp the struggling Pakistan Steel Mills (PSM). Officials from the company visited federal minister of industries and production Ghulam Murtaza Khan Jatoi on Wednesday to discuss their plans, according to Pakistani media. The minister is attempting to privatise the steelmaker by the end of 2015 but investors have been put off by the company’s operational troubles and lack of electricity…
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