15
Sep
01:00
Pakistan DRI maker offers government stake in bid to restart production
Pakistani direct reduced iron producer Tuwairqi Steel Mills (TSML) has agreed to provide the government a 7% shareholding in TSML in return for cheaper natural gas for its troubled plant, according to local media reports.
The 1.28 million tonnes/year Karachi-based plant, a joint venture between Saudi Arabia’s Al Tuwairqi Holding and Korea’s Posco, was commissioned in January 2013 and shipped its first cargo the same month to a local steelmaker. H…
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Anonymous
Very good overview of the weekly steel market.
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