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Pakistan Steel Mills owes arrears amounting to PKR 35 billion to SSGC

The Sui Southern Gas Company has claimed that the Pakistan Steel Mills has not been able to settle its gas bill, as the outstanding amount has enormously risen to PKR 35 billion during the past few years. An SSGC spokesman ...

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Pakistan Steel Mills requests for additional PKR 13 billion

The nationwide blackout about a week ago that plunged most of the country into darkness had also badly affected the production levels of Pakistan Steel Mills. PSM officials said that however, one of the two blast furnaces of the PSM ...

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Rs.18.5 billion bailout package: Pak Steel likely to become profitable in April 2015

KARACHI: Pakistan Steel Mills will be able to give profit during the current financial year, the production has risen up to 45 percent of the total capacity of PSM as a result of the government’s bail out package. Pakistan Steel’s ...

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Pakistan Steel Mills restarts Blast Furnace-II

Pakistan Steel Mills (PSM) has restarted its Blast Furnace-II after 10 days of outrage. Mr Shazim Akhtar, spokesman, in the statement, said that “The restart of the plant helped taking the day production at 44%.” The spokesman said that “Production ...

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Pakistan Steel Mills needs PKR 500 million boiler

Customs Today reported that the Pakistan Steel Mills needs a new boiler worth PKR 500 million to continue production. Mr Shahzam Akhtar spokesman of PSM said that they had a 50 year old boiler for production which was in a ...

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