18
Sep
10:02
PSM receives new funds and government warnings
Pakistan Steel Mills has been approved to receive an additional PKR 1 billion ($9.58 million) in order to pay salaries and continue its attempts to increase capacity utilisation. The mill was also warned that government funds would not provide finances indefinitely ahead of its planned privatisation, Kallanish notes.
The company was given an immediate PKR 96m in order to pay June-August salaries. The steelmaker has been struggling with minimal incomes …
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Anonymous
Very good overview of the weekly steel market.
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