Pakistan Steel Mills has achieved 36 per cent production capacity of 1.1 tonnes per annum on November 15, 2014, compared to 25 per cent a day earlier November 14, 2014, and 16 per cent on November 13, 2014, said Chief Executive Officer, Pakistan Steel, Major General (r) Zaheer Ahmed Khan, in a meeting with senior officers of the PSM.
He further said engineers and experienced skilled workers had completed the repair & maintenance works of Blast Furnace No 1 and One Converter of Steel Making Department. He added that Blast Furnace No 2 would also start its operation during current month.
Furthermore, two ships carrying 55MT each of IronOre from Mauretania and Metallurgical Coal from Australia would also arrive at Pakistan Steel Jetty this month. It is further imperative to mention here that the Pakistan Steel Mills huge quantity of best quality raw materials – IronOre and Metallurgical Coal. The PSM has 1,10,000 MT of IronOre and 1,25,000 MT of Metallurgical Coal stocks which are sufficient to achieve production target.
The government is also likely to provide the PSM with rupees 1.5 billion next week which will help to disburse salaries to all the employees Pakistan Steel and procure further raw materials.
The PSM management is poised to achieve the government of Pakistan set target in view of current financial package of 18.5 billion as per the said plan.
