Pakistan’s Steel industry news and business
Monday February 19th 2018




‘Pakistan Steel News’ Archives

Re-rolling mills demand cut in sales tax on power

LAHORE: Pakistan Steel Re-Rolling Mills Association has demanded the Federal Board of Revenue fulfill its commitment by reducing the rate of sales tax to Rs4.75 per unit of electricity from the current Rs6 per unit. The demand was made at its annual general meeting held here on Monday. It also demanded removal of sales tax from gas bills forthwith [...]


GUJRAT: Prices of basic raw material such as copper, aluminum and mild steel sheets used in the manufacturing of electric fans have increased by around 20 to 25 per cent during the last two months. The raise is due to the withdrawal of 25 per cent duty on the export of the non- ferrous metal scrap in the new budget. The reports of a possible levy [...]

Iron ores shortage reduces PSM output to less than 40pct

GEO TV reported that Pakistan Steel Mill is facing shortage of lump iron ores due to which blast furnaces are being shut down for 20 alternate hours. PSM sources said that they have 10,000 tonnes fine and 23,000 tonnes lump iron ores in stock, however 75% fine and 25% lump iron ores are used in blast furnaces. Since proper blending is not [...]

NTC hearing on PSM products scheduled on October 6

ISLAMABAD—The National Tariff Commission (NTC) will hold a public hearing on the issue of tariff protection to the Pakistan Steel Mills products on October 6, 2009. These include Hot Rolled, Cold Rolled and Galvanized Steel Products, said NTC press statement here. The hearing would be held at 11 a.m. here in the NTC committee Room, State Life [...]

Multan light engineering sector facing hardships

Business Recorder MULTAN (June 08, 2009): 'Light engineering sector of Multan is facing manifold hardships that are being redressed by the Multan Chamber of Commerce and Industry (MCCI).' The President, MCCI, Anis Ahmed sheikh said while presiding over a meeting of Cluster Development Centre (CDC) on Sunday. He said that Pakistan imports machinery [...]

Pakistani steel makers demands urgent remedial steps for steel sector

Thursday, 04 Jun 2009 Business Recorder reported that the steel melting industry that feeds the 80% of the total steel requirement of the country is moving towards an unstoppable collapse due to severe problems needs immediate and timely corrective measures to secure its existence. The situation has created a grave concern among the industry [...]

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