Over 500,000 MT steel being smuggled from Iran, Afghanistan annually
Aggrieved, the steel industry approaches PM to stop large scale smuggling
Steel melters urge govt to solve taxation-related issues
LAHORE: The Pakistan Steel Melters Association (PSMA) on Monday voiced its concerns regarding taxation related issues being faced by the industry and...
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,...