After independence in 1947, it did not take long for Pakistan to come to the realization that progressive industrial and economical development would be impossible without the possession of a self reliant iron and steel making plant. The dependence on imports would cause serious setbacks to the country along with an extortionately high import bill which would be impossible to supportInquiry Online
The initial idea for a domestic iron and steel mill was put forward in the first five year plan of Pakistan (1955 - 1960). Debates over the manufacturing process, supply sources of the requisite machinery and raw materials, plant site, domestic ore versus imported ore, ownership pattern, product mix and above all foreign financing credit kept the project on hold for a considerable time
In 1968 besides other factors, it was considered by the Government of Pakistan that a basic steel industry should be established in the public sector, as public sponsorship of the project would enable integrated development of the steel industry in the country. In light of this, the government decided that the Karachi Steel Project should be sponsored in the public sector for which a separate Corporation under the Companies Act be formed
In January, 1969, Pakistan Steel concluded an agreement with V/O Tiajproexport of the then USSR for the preparation of a feasibility report into the establishment of a steel mill at Karachi. Subsequently in January, 1971 Pakistan and the USSR signed an agreement under which the latter agreed to provide techno-financial assistance for the construction of a coastal based integrated steel mill at Karachi. The foundation stone for this gigantic project was laid on the 30th of December, 1973. The mammoth construction and erection work of the integrated steel mill, never experienced before in the country, was carried out by a consortium of Pakistani construction companies under the supervision of Soviet experts. Foundation stone of Pakistan Steel was laid on 30th December, 1973. Pakistan Steel is Pakistan's largest industrial complex, comprising component units numbering more than 20. Pakistan Steel is strategically located 40km south east of Karachi in close vicinity to port Muhammed Bin Qasim. Pakistan Steel is a costal site which lies on the National Highway and is linked to the railway network. Spread overan area of 18,600 acres (29 square miles) with 10,390 acres for the main plant, 8070 acres for the township and 200 acres for the water reservoir.
Pakistan Steel specialize in the production of flat steel products including, billets, slabs, hot rolled coils, cold rolled coils, galvanised sheets/coils/formed sections and corrugated sheets. We are vital to the supply of high quality and cost effective steel products to the domestic market. Pakistan Steel's constant efforts in continuous improvement and quality management have resulted in accreditation in ISO 9001, 14001, 17025, SA 8000 and OHSAS 18001
Organization Name: Pakistan Steel Mills Corporation (PVT) LTD. Foundation Stone: Laid on 30th December, 1973 Location: 40 km East of Karachi Production Capacity: 1.1 Million Ton of Steel Expandable upto 3.0 Million Ton per annum. Main Products: Coke, Pig Iron, Billets, Cold Rolled Sheets, Hot Rolled Sheets, Galvanized Sheets
About 15 Arc furnaces of capacity 5 mt were installed in the private sector in early 70's and they have started their production to support Pakistan Steel Mills in producing steel in the country. And now, there are more than 140 steel melting induction furnaces installed in different areas of Pakistan who are producing good quality steel to meet Pakistan's steel requirments. As Arc furnaces are expensive and takes longer production time than Induction furnaces, so most of the private sector is shifted to Induction furnaces. Private factories are now producing steel with latest technology induction furnaces and they are trying their best to compete the international market.
Pakistan Steel mills is producing about 1 million ton per year steel where private sector is producing 30 million ( including billet, rebars, channel and angle etc) The other requirements are fulfilled with ship breaking and other steel products.
People steel, Karachi is also one of the founders in steel industry. Now they have Arc and induction furnaces and producing different rolled products. Now Saudi Arabia has also invested in the Pakistan Steel industry through renown company "Al-Tuwairqi Steel Mills". They are installing the billet caster of about 1 million mt per year. Pakistan Steel is also utilizing the available deposits of Iron ore in Pakistan with small quantity and after Al-Tuwairqi install their plant, they will use the available deposits of iron ore in Pakistan will also utilize these deposits. The other private factories are working to utilize the available resources of iron ore in Pakistan and Inshallah very they will provide a better result of it to the Pakistan Steel Industry and the requirement of steel in Pakistan will be fulfilled.
ISLAMABAD: The Supreme Court was told on Tuesday that a subsidiary or a special purpose vehicle (SPV) of the Pakistan Steel Mills (PSM) is likely to be set up by the end of this month that would take away the whopping liability of about Rs450 billion to make the bleeding mill free of all encumbrances.
This initiative would help attracting the strategic private investor to get the much- needed capital investment and thus revive the existing PSM plant to its production capacity of 1.1 million tonnes per year that will be enhanced gradually to 3m tonnes per year by bringing efficient modern technology besides creating job opportunities for professional and skilled manpower, the SC was told.
The ambitious plan was presented by federal Privatisation Minister Mohammadmian Soomro before a three-judge bench, headed by Chief Justice of Pakistan Gulzar Ahmed, that had taken up a case relating to the fate of the PSM.
The chief justice wondered why not the daily expenditure of Rs20m be recovered from the secretaries, also regretting that none of the secretaries was well versed even about the PSM’s downstream projects when they were preparing to sell off the mills.
When the chief justice recalled the 2,006 apex court judgement against privatisation of the PSM, Planning and Development Minister Asad Umar conceded that the judgement was in the field and to avoid violation of the verdict the SPV was being created and the PSM was being leased through competitive bidding.
Advocate Shahid Amjad Bajwa informed the court that according to experts, $500m was needed to revive the mills to its original production capacity of 1.1m tons per annum, $750m to enhance it to 2m tons and $900m to $1 billion to further increase the capacity to 3m tons per annum.
Justice Ijaz-ul-Ahsan, a member of the bench, regretted that for the last many years the state enterprise was on government grants and thus bleeding the economy and as the time passed, it added to the losses of the mill.
“We used to manufacture ships and now are ordering foreign countries to build the same for us despite the fact that we have all the facilities available in the country,” the chief justice deplored, adding that if the situation persisted, the entire land of the PSM would be sold and the machinery scrapped thus depriving the country of its assets.
The Supreme Court appointed senior counsel Rashid A. Razvi as a conciliator to work out a workable arrangement for the settlement between the management and different workers’ unions of the PSM regarding layoff plans when the mill was shut. The plan will be placed before the court in two weeks.
Meanwhile in its report, the PSM stated that the Privatisation Commission planned to undertake pre-qualification of investors, who would submit the interest in response to the expression of interest and statements of qualification, and then invite pre-qualified interested parties.
The commission envisaged, the report said, to conduct bidding for the SPV in the third quarter of 2,021 and the financial closure and commencement of the business would depend on timelines agreed to with successful bidder in the share purchase agreement.
Under the approved transaction structure by the Cabinet Committee on Privatisation, the core operating assets — including the PSM plant and machinery namely coke oven and by-product, sintering plant, iron making department, steel making plant, cold rolling mills, galvanising plant, cold formed section, refractory plant and oxygen plant besides power generation plant and 1,268 acres of land comprising only seven per cent of the total PSM land area of over 19,000 acres — would be leased out to the newly formed SPV, the report said
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Cold-Rolled Steel sheets are used as basic materials in many products connected with our daily lives. Steel furniture at our homes and offices, electrical appliances used in our kitchen, various types of containers, construction materials, automobile industry and numerous other products
Hadeed Pakistan Pvt Ltd (HP) has installed first Cold-Rolled sheet processing plant in Punjab, Pakistan, and is introducing the first 6-High Cold Rolling Mill in Pakistan. Due to our superior 6-High rolling technology and our quality consciousness, we produce a high quality steel
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