06
Jan
08:58
Iranian companies mull PSM acquisition: reports
Two Iranian companies have shown interest in purchasing Pakistan Steel Mills (PSM), according to China's Sina Finance. PSM had accumulated losses around 163 billion rupees ($1.56 billion) and other debts by the end of November 2016. Pakistan’s government is expected to take a final decision on PSM’s future by 20 January, Kallanish notes.
PSM was built up by the Soviet Union in 1970s, state-owned PSM has become a huge drain on …
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Anonymous
Very good overview of the weekly steel market.
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