The Pakistani government has decided that the national steel industry, including state-owned Pakistan Steel Mills (PSM) in Karachi, must source indigenous iron ore for at least 40% of its total requirement in a bid to save foreign exchange.
The plan is to be implemented from the start of the 2009-2010 financial year, commencing 1 July. According to official estimates, total production capacity of the country’s steel industry is 8 mtpa although production is running at half that level....
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This complete item is approximately 200 words in length, and appeared in the May/June 2009 issue of Bulk Materials International, on page 4.
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