09
Nov
10:38
Pakistan aborts PSM privatisation, orders revitalisation plan
Pakistan’s Cabinet Committee on Privatization (CCoP) has removed Pakistan Steel Mills (PSM) from the list of companies earmarked for privatisation. It has given the Ministry of Industries and Production until mid-December to propose an action plan to revive production at the steelworks.
PSM has been idle since June 2015 owing to unpaid gas bills. Pakistan’s sole blast furnace-based producer has a 1.1 million tonnes/year of crude steel capacity alloca…
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Anonymous
Very good overview of the weekly steel market.
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