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The Pakistan Steel Mills Corporation, [2] [3] colloquially referred to as Pak Steel, is a Pakistani state-owned company that produces long-rolled steel and heavy metal products in the country. [ 4 ] Headquartered in Karachi , Sindh , the PSMC is currently the largest industrial mega-corporation in Pakistan, having a production capacity of 1.1 ...
International Steels was founded by Amir Sultan Chinoy in 2007 as a joint-venture between International Industries Limited, Sumitomo Corporation, and JFE Steel. [6] [3] Its plant was commissioned in 2010 at a cost of $162 million and it had a capacity to produce 280,000 tons per annum of cold rolled coil from hot rolled coil, including 150,000 tons per annum of galvanized steel. [7]
Aisha Steel Mills Limited (ASML) (Urdu: عائشہ اسٹیل) is a Karachi-based steel manufacturing company with production capacity of 220,000 metric tons per year. [1] It is owned by Arif Habib Group. [1] Its plant is located at Bin Qasim, Karachi and produces at a capacity of 220,000 metric tons per year. [1]
In 2008, Mughal acquired the plant and machinery of Al-Bashir Steel Industries. [6] In 2010, Mughal was incorporated as Mughal Iron & Steel Industries Limited. [6] In 2015, Mughal was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 34. [6] [7]
Amreli Steels was founded in 1972 by Abbas Akberali and is named after Amreli District, Gujarat, India from where their ancestors migrated to Pakistan. [4] [5]As of 2013, Amreli's production capacity was estimated to be 150,000 tonnes, [1] which by 2017 had increased to 180,000 tonnes.
KGTML operates a bulk and general cargo terminal on berths 11–17 on the East Wharf of Karachi Port under a 25-year concession. [2] [10] [11] [8] The general cargo operations handles steel, paper, and clinker, while the clean bulk terminal handles grains and fertilizers. [2]
Wall Street's main indexes were on track for a subdued opening on Wednesday as investors evaluated strong economic data and awaited a key inflation report that is expected to influence the U.S ...
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