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PRICES OF PAKISTAN STEEL PRODUCTS EFFECTIVE FROM 03.02.2016

PRICES   OF   PAKISTAN   STEEL    PRODUCTS EFFECTIVE FROM 03.02.2016

1. BILLETS / BLOOMS a) Prime i ) All Grades including SAE 1006, except SUP Series, or as specified below:- 150 x 150mm 49,000 125 x 125mm 52,500 100 x 100 / 105 x 105mm 59,500 90 x 90 / 80 x80 / 75 x 75mm 60,500 65 x 65 / 50 x 50 [...]

Slumbering Pakistani steel giant shows why state sell-offs are stalled

Slumbering Pakistani steel giant shows why state sell-offs are stalled

By Mehreen Zahra-Malik and Tommy Wilkes KARACHI (Reuters) - Once the producer of almost half the country's steel needs, state-owned Pakistan Steel Mills' (PSM) cavernous factory buildings on the outskirts of Karachi stand eerily still. A 4.5 km-long (2.8 mile) conveyor belt that once carried coal from the nearby port is idle and blast [...]

COMMERCIAL AGENT NEEDED

COMMERCIAL AGENT NEEDED

Dear All We are pleased to inform you that in Pakistan, we are the leading and sole manufacturers and suppliers of Rail Track Fastening Material, Steel Sleepers and Turnouts of various types and are exporting our goods in various countries of the world. We are also adequately equipped for the medium–to-heavy steel fabrication. In [...]

PSM CEO directed to invite more int,l competitors for expansion plan

PSM CEO directed to invite more int,l competitors for expansion plan

ISLAMABAD, (SANA): Federal Minister for Industries & Production Mir Hazar Khan Bijarani has directed the CEO PSM to contact with the above mentioned companies and also invite other international competitive companies and get proposal from them for expansion plan. “Work out a comprehensive proposal on its own terms and conditions keeping in [...]

Posco close to clinching Daewoo International

Posco close to clinching Daewoo International

Posco on Friday was chosen as the preferred bidder to buy Daewoo International, a South Korean trader and resource developer, for about $3bn as South Korea’s biggest steelmaker accelerates its international hunt for natural resources to secure a stable supply of raw materials. Posco beat Lotte Group, operator of one of South Korea’s [...]

South Korea Stocks: CJ Cheiljedang, Hyundai Steel, Ssangyong

South Korea Stocks: CJ Cheiljedang, Hyundai Steel, Ssangyong

South Korea’s Kospi index rose 16.81, or 1 percent, to 1,753.84 as of 9:14 a.m. in Seoul. The following are among the most-active stocks in South Korean markets. Samsung Life Insurance Co.’s shareholders: CJ Cheiljedang Corp. (097950 KS) climbed 3.5 percent to 238,000 won. Shinsegae Co. (004170 KS) gained 1.4 percent to 522,000 won. [...]

U.S. Steel As A Recovery Play (X)

U.S. Steel As A Recovery Play (X)

If you are bullish on the global economic recovery, U.S. Steel (NYSE: X) may be the play for you. U.S. steel is highly leveraged to the economy; as demand picks up for cars, appliances, buildings, and heavy equipment, steel demand will increase. The recent rally in the equity markets suggests that the double-dip recession everyone was fearing [...]

Tuwairqi Steel may start solar, wind energy production

Tuwairqi Steel may start solar, wind energy production

KARACHI: Tuwairqi Steel Mills Ltd (TSML), the first steel-maker in the private sector in Pakistan, plans to start alternative energy production and manufacture of engineering goods, mill’s official said on Friday. “TSML is contemplating to set up a solar module manufacturing factory, capable of producing up to 12 megawatts of solar modules [...]

Iron and steel sector in trouble

Iron and steel sector in trouble

KARACHI: Iron and steel traders are facing harassing attitude by concerned governmental departments and abusive dominance by shipping companies that take various charges from time to time, which is hampering their business, said President Karachi Iron & Steel Merchants Association (KISMA) Shamoon Baqir Ali while meeting with President KCCI Abdul [...]

Steel Caucus hearing: Markets better but jobs still in jeopardy

Steel Caucus hearing: Markets better but jobs still in jeopardy

The ways and means of preserving and creating steelworker jobs was the focus of a hearing on Thursday held by the Congressional Steel Caucus, chaired by U.S. Rep. Pete Visclosky, D-1st.

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