Pakistan Steel Mills Karachi
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Pakistan Steel Mills Karachi (پاکستان سٹیل ملز), also known as Pakistan Steel Mills Corporation (Pvt.) Limited, PSM, is a steel plant in Karachi, Sindh, Pakistan that operates basic oxygen furnace (BOF) and blast furnace (BF) technology.
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, 67.35244 (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 has been 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 in reviving Pakistan Steel Mills. [10] In June 2024, the Pakistan federal government initiated plans to permanently close Pakistan Steel Mills. Under that plan, the land would be transferred to the Sindh province for broader industrial purposes and potentially include a new steel mill.[11] In September 2024, Pakistan and Russia agreed to constitute a working group to set up a new steel mill in Karachi and the Pakistani government earmarked 700 acres land of Pakistan Steel Mills for the proposed project.[12][10][13][14]
In May 2025, Russia and Pakistan announced an agreement to restore and modernize the original Pakistan Steel Mills plant.[15] In October 2025, the Russian side presented two options for this project, one involving the revival of the existing Blast Furnace - Basic Oxygen Furnace (BF-BOF) production lines, and the other involving a transition to Electric Arc Furnace (EAF) steelmaking.[16]
Ownership Tree
This ownership tree is part of the Global Energy Ownership Tracker, a project of Global Energy Monitor.
Plant Details
Table 1: General Plant Details
| Announced date | Construction date | Start date | Idled date | Retired date | Workforce size | Power source | Iron ore source | Coal source |
|---|---|---|---|---|---|---|---|---|
| 1969-01[17] | 1973-12-30[17] | 1981[18] | 2015[19][20] | 2024-06[21] | 9350[22] | 110 MW thermal power plant and turbo blower station[23] | unknown | unknown |
Table 2: Ownership and Parent Company Information
| State-owned entity status | Parent company | Parent company PermID | Parent GEM entity ID | Owner | Owner company PermID | Owner GEM entity ID |
|---|---|---|---|---|---|---|
| Full | Pakistan Steel Mills Corp Pvt Ltd [100.0%] | 5000849104 [100.0%] | E100000130942 [100.0%] | Pakistan Steel Mills Corp Pvt Ltd [100%][18] | 5000849104 | E100000130942 [100%] |
Table 3: Process and Products
| Steel product category | Steel products | ISO 14001 | ISO 50001 | Responsible steel | Main production equipment |
|---|---|---|---|---|---|
| semi-finished, finished rolled[23] | sheet, billet, coil, pig iron, slab[17][23] | yes[17] | unknown | unknown | BF; BOF |
Table 4: Plant-level Crude Steel Production Capacities (thousand tonnes per annum)
| Capacity operating status1 | Basic oxygen furnace steelmaking capacity | Nominal crude steel capacity (total) |
|---|---|---|
| retired | 3000[24][23] | 3000[24][23] |
Table 5: Plant-level Crude Iron Production Capacities (thousand tonnes per annum)
| Capacity operating status1 | Blast furnace capacity | Nominal iron capacity (total) |
|---|---|---|
| retired | 1230[25][26] | 1230[25][26] |
Table 6: Upstream Products Production Capacities (thousand tonnes per annum)
| Sinter | Coke | Pellets |
|---|---|---|
| >0[23] | 960[26] | NF |
Unit Details
Table 7: Blast Furnace Details
| Unit name | Status | Start date | Retired date | Current capacity (ttpa) | Decarbonization technology | Most recent relining |
|---|---|---|---|---|---|---|
| BF 1 | retired[19][21] | 1981[18] | 2024-06[21] | 615[26][25] | unknown | 2015-02[27] |
| BF 2 | retired[19][21] | – | 2024-06[21] | 615[26][25] | unknown | 2014-12[28] |
Table 8: Basic Oxygen Furnace Details
| Unit name | Status | Retired date | Current capacity (ttpa) |
|---|---|---|---|
| unknown BOF (1) | retired[21][20] | 2024-06[21] | 1500[24][23] |
| unknown BOF (2) | retired[21][20] | 2024-06[21] | 1500[24][23] |
Articles and Resources
Additional data
To access additional data, including an interactive map of steel plants, a downloadable dataset, and summary data, please visit the Global Iron and Steel 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.
- ↑ Siddeeq, Muhammad. "Pakistan revives steel industry with Russian support – 5Pillars". 5pillarsuk.com. Retrieved 2025-12-09.
- ↑ Siddiqui, Hussain Ahmad (October 30, 2025). "Reviving Pakistan Steel Mills: choosing the right path". Business Recorder.
{{cite web}}: CS1 maint: url-status (link) - ↑ 17.0 17.1 17.2 17.3 https://web.archive.org/web/20230203155938/http://steelmelters.com/pakistan.htm. Archived from the original on 2023-02-03.
{{cite web}}: Missing or empty|title=(help) - ↑ 18.0 18.1 18.2 https://web.archive.org/web/20240125061511/http://www.paksteel.com.pk/organ_our_history.html. Archived from the original on 2024-01-25.
{{cite web}}: Missing or empty|title=(help) - ↑ 19.0 19.1 19.2 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 2022-10-06.
{{cite web}}: Missing or empty|title=(help) - ↑ 20.0 20.1 20.2 https://web.archive.org/web/20240913163906/https://profit.pakistantoday.com.pk/2023/10/26/no-one-interested-in-buying-the-pakistan-steel-mills-senate-told/. Archived from the original on 2024-09-13.
{{cite web}}: Missing or empty|title=(help) - ↑ 21.0 21.1 21.2 21.3 21.4 21.5 21.6 21.7 21.8 "Oreaco". www.oreaco.com. Archived from the original on 2025-04-15. Retrieved 2025-01-02.
- ↑ 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 2022-03-18.
{{cite web}}: Missing or empty|title=(help) - ↑ 23.0 23.1 23.2 23.3 23.4 23.5 23.6 23.7 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) - ↑ 24.0 24.1 24.2 24.3 https://web.archive.org/web/20210115155341/https://www.thenews.com.pk/magazine/money-matters/98269-Nervousness-of-steel. Archived from the original on 2021-01-15.
{{cite web}}: Missing or empty|title=(help) - ↑ 25.0 25.1 25.2 25.3 (PDF) http://www.paksteel.com.pk/Financial%20Reports/FAR2023.pdf.
{{cite web}}: Missing or empty|title=(help) - ↑ 26.0 26.1 26.2 26.3 26.4 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 2015-04-25.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20240905163241/https://www.thenews.com.pk/print/15864-pakistan-steel-restarts-blast-furnace-ii. Archived from the original on 2024-09-05.
{{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)
