Pakistan Steel Mills Karachi

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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:

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  • 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]

Plant Details

Table 1: General Plant Details

Plant status Announced date Construction date Start date Idled date Workforce size Power source
Mothballed[10] 1969-01[11] 1973-12-30[11] 1981[12] 2015[10][13] 9350[14] 110 MW thermal power plant and turbo blower station[15]

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[12] 5000849104 E100000130942

Table 3: Process and Products

Steel product category Steel products ISO 14001 Main production equipment Detailed production equipment
semi-finished; finished rolled[15] pig iron, billets, cold rolled sheet, hot rolled sheet, galvanized sheet, slabs, hot rolled coils, corrugated sheets[15][11] Yes[11] BF, BOF[15] coking plant (2 batteries with 49 ovens each); 2 sinter plants; 2 BOF[15][12]

Table 4: Crude Steel Production Capacities (thousand tonnes per annum)

*Please see our Frequently Asked Questions page for an explanation of the different capacity operating statuses.
Capacity operating status* Basic oxygen furnace steelmaking capacity Nominal crude steel capacity (total)
mothballed 3000 TTPA[15][16][15][16] 3000 TTPA[15][16][15][16]

Table 5: Crude Iron Production Capacities (thousand tonnes per annum)

*Please see our Frequently Asked Questions page for an explanation of the different capacity operating statuses.
Capacity operating status* Blast furnace capacity Nominal iron capacity (total)
mothballed 1230 TTPA[17][18][17][18] 1230 TTPA[17][18][17][18]

Table 6: Upstream Products Production Capacities (thousand tonnes per annum)

Sinter Coke
>0 TTPA[15] 960 TTPA[18]

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[13] unknown unknown 1981-08-14[12] 615[17][18] unknown 2015-02[19]
2 mothballed[13] unknown unknown unknown 615[17][18] unknown 2014-12[20]

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

  1. ".:. PSMA .:. Pakistan Steel Melters Association .:". www.steelmelters.com. Retrieved 2023-10-30.
  2. ":: PAKISTAN STEEL :: Largest Industrial Complex of Pakistan ::". www.paksteel.com.pk. Retrieved 2023-10-30.
  3. "A look back at history of PSM". The Express Tribune. 2013-11-10. Retrieved 2023-10-30.
  4. "Pakistan steels itself for sell-offs". 2006-06-01. Retrieved 2023-10-30.
  5. "Pakistan Steel Mills vs the Economy". The Express Tribune. 2010-05-10. Retrieved 2023-10-30.
  6. 6.0 6.1 Kiani, Khaleeq (2023-05-02). "Pakistan Steel Mills earns Rs7.45bn in FY22". DAWN.COM. Retrieved 2023-10-30.
  7. "The Pakistani government has received a request from China to buy PSMC for $1.5 billion — News — GMK Center". GMK. Retrieved 2023-10-30.
  8. "Only one bidder left for Pakistan Steel Mills — privatization minister". Arab News PK. 2023-09-22. Retrieved 2023-10-30.
  9. 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. 10.0 10.1 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)
  11. 11.0 11.1 11.2 11.3 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)
  12. 12.0 12.1 12.2 12.3 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)
  13. 13.0 13.1 13.2 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)
  14. 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)
  15. 15.0 15.1 15.2 15.3 15.4 15.5 15.6 15.7 15.8 15.9 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)
  16. 16.0 16.1 16.2 16.3 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)
  17. 17.0 17.1 17.2 17.3 17.4 17.5 (PDF) http://www.paksteel.com.pk/Financial%20Reports/FAR2023.pdf. {{cite web}}: Missing or empty |title= (help)
  18. 18.0 18.1 18.2 18.3 18.4 18.5 18.6 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)
  19. https://www.thenews.com.pk/print/15864-pakistan-steel-restarts-blast-furnace-ii. {{cite web}}: Missing or empty |title= (help)
  20. 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)

Resources