Chinese entity expresses interest in reviving PSM

CFMCC in its letter of intent (LoI) has said it is a big state-owned enterprise and China Metallurgical Group Corporation holds shares in the company, which is amongst the top 500 companies globally

Pakistan’s steel industry reeling, as smuggling soars

NTC anti-dumping duties haven’t thwarted the imports, as Pakistan retains its status as a favourite for the dumping of goods by Iran, Russia, China and some European countries

Global steel body hikes demand forecasts, but says risks remain

Steel use in China is expected to rise 6 percent this year to 781 million tonnes and be flat in 2019

PSM stakeholders request government to revive mill

The stakeholders said that the losses and liabilities had swelled to over Rs465 billion, alongside $2.5 billion foreign exchange loss per year to the national exchequer due to steel imports

Rupee devaluation pushes steel prices to record highs

Due to continuing depreciation of the rupee against the greenback in inter-bank and kerb market, the rise in steel prices was expected

US postpones imposition of metal tariffs on EU, Canada & Mexico

US has reached agreements for permanent exemptions for Argentina, Australia and Brazil, the White House said on Monday.

Agha Steel deploys Fiori enabled SAP

  KARACHI: Agha Steel Industries (ASI) in a ceremony held on Friday announced that it is all set to implement Pakistan’s first end-to-end...

Karachi outages force Amreli Steel to cut production of rebars by 40 percent

LAHORE: Amreli Steels in a notification sent to the bourse Tuesday informed it was cutting down its production of rebars by 40...

U.S, South Korea agree to revise trade pact

SEOUL: The United States and South Korea agreed to revise a trade pact sharply criticized by U.S. President Donald Trump, Seoul said...

Govt to focus on high growth rate, controlled inflation in next budget: Miftah Ismail

ISLAMABAD: Adviser to Prime Minister on Finance, Miftah Ismail Friday said the government will mainly focus on setting the target for a...

Naveena Group announces establishment of steel production plant at Port Qasim

KARACHI: The Naveena Group has announced to enter into the business of steel production by establishing a 300,000 TPA (tonnes per annum)...

Draft agreement for settlement of PSM debts to be shared with stakeholders: Privatization Commission

ISLAMABAD: A draft agreement for settlement of Pakistan Steel Mills debts will be shared with stakeholders for deliberation and input, decided the...

Analysts estimate increase of Rs6 per share to ASTL after SITE expansion

LAHORE: In Amri Steels Ltd's (ASTL) latest notice to the exchange it had informed about finalisation of its plans regarding the Balancing,...

Pakistan to inadvertently suffer if world goes to ‘trade war’

KARACHI: US President Donald Trump is embarking on a journey to adopt protectionist policies which might result in a global trade war....

Asia feels the wrath, as Trump plans imposing hefty tariffs on steel & aluminum

SEOUL/SYDNEY: U.S. President Donald Trump’s planned tariffs on steel and aluminum will distort global trade and cost jobs, Australia’s trade minister said...