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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]
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 ...
Metal prices are the prices of metal as a commodity that are traded in bulk at a predefined purity or grade. Metal can be split into three major categories, precious metals, industrial metals and other metals. Precious metals and industrial metals are priced by trading of those metals on commodities exchanges. [1]
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]
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The Tuwairqi Steel Mills Limited (TSML), was a Steel mill, based in Karachi, Sindh, Pakistan. [1] [2]An environmentally friendly and established by a private sector, the steel mill is co-financed by the Al-Tuwairqi Holdings (Saudi Arabia), POSCO (South Korea) [3] [4] [5] and the Arif Habib Group owners of downstream facility Aisha Steel Mills (Pakistan), and currently aiming to compete against ...
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]