Tag: Steel

Trump lifts steel, aluminum tariffs on Canada, Mexico

WASHINGTON: President Donald Trump on Friday announced a deal to lift US tariffs on steel and aluminum imports from Canada and Mexico that had...

Steel prices likely to go up by Rs 6,000 per matric...

Steep prices are likely to go up by as much as Rs6,000 per matric tonne as a result of imposition of fresh levies on...

Unequal competition leaves steel manufacturing industry on the verge of collapse

Pakistan’s steel manufacturing industry was already facing variegated competition via the local ship breaking industry, but now additional power rate increases of Rs 2.5...

PM takes notice of PSM power disconnection

Prime Minister Nawaz Sharif on Friday took notice of the situation that arose when the Karachi Electric Supply Company (KESC) disconnected electricity supply to...

PSM promotes deputy chief engineers as general managers

Chief Executive Officer of Pakistan Steel Mills (PSM) Major General (Retd) Muhammad Javed said yesterday that hard work done with national spirit, honesty and...

Korean steel giant grants scholarships to 10 KU students

Karachi University (KU) and POSCO TJ Park Foundation signed an MOU to grant fellowships to outstanding students of KU. The MOU was signed...

Bailout package does nada for PSM

If officials at the Pakistan Steel Mills (PSM) are to be believed the cash-strapped federal government has not hit the bull’s eye when it...

Pak Steels suffered Rs 71 billion loss in 4 years: Senate...

The Senate was informed Thursday that “Solar Auto Rickshaw” technology has successfully been developed indigenously to help overcome acute shortage of energy and rising...

US, Russia reach draft deal on hot-rolled steel trade

The U.S. Commerce Department on Friday said it had reached a draft agreement with the Russian government to revise a 13-year-old deal governing imports...

Steel sanctions cut deep into Iran’s economy

Iranian manufacturers and builders face serious shortages of steel and other metals as a new European Union export ban adds to troubles for an...

From Russia, with steel

Russian Federation has agreed to the Memorandum of Understanding (MoU) approved by the Government of Pakistan regarding the expansion and modernisation of Pakistan Steel...

Czech group prepares to launch Euro 600m steel venture in Pak

A Czech group prepares to launch Euro 600 million steel venture in Pakistan. An official announcement on Sunday said that a delegation of Santex Pakistan...

Let the blame game begin…

The Pakistan Steel Mills (PSM) Friday said portraying the PSM as a non payer of the Karachi Water and Sewerage Board’s (KWSB) bills is...

Ta ta! India’s Tata Steel quarterly profit slumps 89 pct

India’s Tata Steel, the world’s seventh-largest steelmaker, said Monday quarterly net profit slumped a worse-than-expected 89 percent from a year earlier due to falling...

PM to resist PSM privatisation

Prime Minister Raja Pervez Ashraf has expressed his strong resolve to resist privatization of Pakistan Steel Mills (PSM) against all odds. Addressing an event regarding...

Rs 3bn PSM bailout package announced

Prime Minister Raja Parvez Ashraf on Friday underlined that Pakistan Steel Mills would not be privatised rather it would be made a profitable entity. Addressing...

Stolen medicines recovered

A special team of Punjab Health Department on Saturday seized stolen government medicines worth millions of rupees from a truck stand in Gujranwala and...