09
Nov
00:00
Pakistani DRI producer increases stake offer to government in bid to resume output
Pakistani direct reduced iron producer Tuwairqi Steel Mills (TSML) has raised the stakes in its bid to resume production, offering the government a 15% shareholding 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. However, an increase in natural…
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Anonymous
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