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Pakistan Steel Mills Karachi (پاکستان سٹیل ملز (Urdu)), also known as Pakistan Steel Mills Corporation (Pvt.) Limited, PSM, is a blast furnace-basic oxygen furnace (BF-BOF) idled steel plant in Karachi, Sindh, Pakistan.
Location
The map below shows the exact location of the plant in Karachi, Sindh, Pakistan:
- Location: Pakistan Steel, Bin Qasim, Karachi 75000, Pakistan
- Coordinates (WGS 84): 24.809977, 67.352440 (exact)
Background
Pakistan Steel Mills was established in April 1981, in collaboration with the then USSR.[1][2] The plant initially produced coke from the coke oven batteries. The steel mill started commercial operations on 25 December, 1984.[3] Attempts were made to privatise the plant, which was thwarted by the Supreme court of Islamabad.[4][5] The plant was running on losses accumulated since it began operations. A parliamentary committee report stated that the losses were "due to unchecked corruption, inefficiency, over-employment and government’s lukewarm attitude towards its revival".[6] the plant was idled since 2015,[7] but earned an after-tax profit of about Rs 7.45 billion in 2021-22.[6]
In 2023 the Pakistan government earmarked Pakistan Steel Mills along nine other state-owned entities whose losses are burning a hole in government finances for privatisation.[8] As of 26 October, 2023, no one was interested in buying the plant.[9]
In April 2024, Russia offered its assistance for reviving Pakistan Steel Mills. However, Pakistan has not entered into formal discussions about restoring the plant.[10] In June 2024, the Pakistan federal government initiated plans to permanently close Pakistan Steel Mills. The land will be transferred to the Sindh province for broader industrial purposes and potentially include a new steel mill.[11] As of September 2024, Pakistan and Russia has agreed to constitute a working group to set up a new steel mill in Karachi and the Pakistan government has earmarked 700 acres land of Pakistan Steel Mills for the proposed project.[12][10][13][14]
Plant Details
Table 1: General Plant Details
| Plant status | Announced date | Construction date | Start date | Idled date | Workforce size | Power source |
|---|---|---|---|---|---|---|
| Mothballed[15] | 1969-01[16] | 1973-12-30[16] | 1981[17] | 2015[15][18] | 9350[19] | 110 MW thermal power plant and turbo blower station[20] |
Table 2: Ownership and Parent Company Information
| State-owned entity status | Parent company | Parent company PermID | Parent company GEM ID | Owner | Owner company PermID | Owner company GEM ID |
|---|---|---|---|---|---|---|
| Full | Pakistan Steel Mills Corp Pvt Ltd [100%] | 5000849104 [100%] | E100001000370 [100%] | Pakistan Steel Mills Corp Pvt Ltd[17] | 5000849104 | E100000130942 |
Table 3: Process and Products
| Steel product category | Steel products | ISO 14001 | Main production equipment | Detailed production equipment |
|---|---|---|---|---|
| semi-finished; finished rolled[20] | pig iron, billets, cold rolled sheet, hot rolled sheet, galvanized sheet, slabs, hot rolled coils, corrugated sheets[20][16] | Yes[16] | BF, BOF[20] | coking plant (2 batteries with 49 ovens each); 2 sinter plants; 2 BOF[20][17] |
Table 4: Crude Steel Production Capacities (thousand tonnes per annum)
| Capacity operating status* | Basic oxygen furnace steelmaking capacity | Nominal crude steel capacity (total) |
|---|---|---|
| mothballed | 3000 TTPA[20][21][20][21] | 3000 TTPA[20][21][20][21] |
Table 5: Crude Iron Production Capacities (thousand tonnes per annum)
| Capacity operating status* | Blast furnace capacity | Nominal iron capacity (total) |
|---|---|---|
| mothballed | 1230 TTPA[22][23][22][23] | 1230 TTPA[22][23][22][23] |
Table 6: Upstream Products Production Capacities (thousand tonnes per annum)
| Sinter | Coke |
|---|---|
| >0 TTPA[20] | 960 TTPA[23] |
Blast Furnace Details
Table 7: Blast Furnace Details
| Unit name | Status | Announced date | Construction date | Start date | Current capacity (ttpa) | Decarbonization technology | Most recent relining |
|---|---|---|---|---|---|---|---|
| 1 | mothballed[18] | unknown | unknown | 1981-08-14[17] | 615[22][23] | unknown | 2015-02[24] |
| 2 | mothballed[18] | unknown | unknown | unknown | 615[22][23] | unknown | 2014-12[25] |
Articles and Resources
Additional data
To access additional data, including an interactive map of steel power plants, a downloadable dataset, and summary data, please visit the Global Steel Plant Tracker on the Global Energy Monitor website.
References
- ↑ ".:. PSMA .:. Pakistan Steel Melters Association .:". www.steelmelters.com. Retrieved 2023-10-30.
- ↑ ":: PAKISTAN STEEL :: Largest Industrial Complex of Pakistan ::". www.paksteel.com.pk. Retrieved 2023-10-30.
- ↑ "A look back at history of PSM". The Express Tribune. 2013-11-10. Retrieved 2023-10-30.
- ↑ "Pakistan steels itself for sell-offs". 2006-06-01. Retrieved 2023-10-30.
- ↑ "Pakistan Steel Mills vs the Economy". The Express Tribune. 2010-05-10. Retrieved 2023-10-30.
- ↑ 6.0 6.1 Kiani, Khaleeq (2023-05-02). "Pakistan Steel Mills earns Rs7.45bn in FY22". DAWN.COM. Retrieved 2023-10-30.
- ↑ "The Pakistani government has received a request from China to buy PSMC for $1.5 billion — News — GMK Center". GMK. Retrieved 2023-10-30.
- ↑ "Only one bidder left for Pakistan Steel Mills — privatization minister". Arab News PK. 2023-09-22. Retrieved 2023-10-30.
- ↑ Abbas, Ghulam (2023-10-26). "No one interested in buying the Pakistan Steel Mills, senate told". Profit by Pakistan Today. Retrieved 2023-10-30.
- ↑ 10.0 10.1 Azad, Abdul Rasheed (2024-09-19). "New steel mills in Karachi: Pakistan, Russia agree to constitute working group". Brecorder. Retrieved 2025-01-02.
- ↑ "Oreaco". www.oreaco.com. Retrieved 2025-01-02.
- ↑ Newspaper, From the (2024-09-22). "New steel mill may do wonders, but". DAWN.COM. Retrieved 2025-01-02.
- ↑ Correspondent, Our (2024-09-19). "Pakistan, Russia to set up new steel mill in Karachi". The Express Tribune. Retrieved 2025-01-02.
- ↑ Siddiqui, Engr Hussain Ahmad. "The fate of the PSM". www.thenews.com.pk. Retrieved 2025-01-02.
- ↑ 15.0 15.1 https://profit.pakistantoday.com.pk/2023/10/26/no-one-interested-in-buying-the-pakistan-steel-mills-senate-told/.
{{cite web}}: Missing or empty|title=(help) - ↑ 16.0 16.1 16.2 16.3 https://web.archive.org/web/20230203155938/http://steelmelters.com/pakistan.htm. Archived from the original on 03 February 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ 17.0 17.1 17.2 17.3 https://web.archive.org/web/20240125061511/http://www.paksteel.com.pk/organ_our_history.html. Archived from the original on 25 January 2024.
{{cite web}}: Missing or empty|title=(help) - ↑ 18.0 18.1 18.2 https://web.archive.org/web/20221006230339/https://gmk.center/en/news/the-pakistani-government-has-received-a-request-from-china-to-buy-psmc-for-1-5-billion/. Archived from the original on 06 October 2022.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20220318083115/https://tribune.com.pk/story/2273834/govt-lays-off-over-4500-pakistan-steel-mills-employees. Archived from the original on 18 March 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ 20.0 20.1 20.2 20.3 20.4 20.5 20.6 20.7 20.8 20.9 https://web.archive.org/web/20220129215137/https://www.aist.org/news/steel-news/2007/april/siemens-commissions-slab-caster-at-tokyo-steel/. Archived from the original on 29 January 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ 21.0 21.1 21.2 21.3 https://web.archive.org/web/20210115155341/https://www.thenews.com.pk/magazine/money-matters/98269-Nervousness-of-steel. Archived from the original on 15 January 2021.
{{cite web}}: Missing or empty|title=(help) - ↑ 22.0 22.1 22.2 22.3 22.4 22.5 (PDF) http://www.paksteel.com.pk/Financial%20Reports/FAR2023.pdf.
{{cite web}}: Missing or empty|title=(help) - ↑ 23.0 23.1 23.2 23.3 23.4 23.5 23.6 https://web.archive.org/web/20150425055610/http://www.dawn.com/news/1043438/pakistan-steel-production-cycle-comes-to-a-halt. Archived from the original on 25 April 2015.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.thenews.com.pk/print/15864-pakistan-steel-restarts-blast-furnace-ii.
{{cite web}}: Missing or empty|title=(help) - ↑ https://archive.pakistantoday.com.pk/2014/12/14/psms-blast-furnace-no-2-made-operational-after-major-repair/.
{{cite web}}: Missing or empty|title=(help)
