Sinosteel Corporation, China’s second largest importer of iron ore, has expressed interest in the revamping and expansion of existing plants and operations of Pakistan Steel Mills (PSM).
In a meeting held with Minister for Industries and Production, Ghulam Murtaza Khan Jatoi the other day, a Sinosteel delegation said that it intends to expand its overseas operations and considers Pakistan the best choice being a consistent partner in international cooperation. Jatoi assured them all possible support and asked them to firm up the company’s proposals and submit to the ministry since privatisation of PSM is on government’s agenda. Once the proposals are received, the Industries and Production Ministry will take up the case with the Privatisation Commission so that a feasible option is charted out which could benefit Pakistan and Sinosteel Corporation, Jatoi told the delegation.