Pakistan Steel Mills
Topic: Privatization of Pakistan Steel Mills Subject: Pakistan Economic Policy
Submitted By: M. Faizan Sohail (7133)
Faculty: Shahid Iqbal
Date of Submission: 12th August 2010
Pakistan Steel Mills
Introduction:
Pakistan Steel Mills is the producer of long rolled steel products in Karachi, Pakistan. The Pakistan Steel Mill is the country 's largest industrial undertaking having a production capacity of 1.1 million tons of steel. The enormous dimensions of the project can be visualized from the construction inputs which involved the use of 1.29 million cubic meters of concrete, 5.70 million cubic meters of earth work (second to Tarbela Dam), 330,000 ton of machinery, steel structures and electrical equipment.
It’s unloading and conveyor system at Port Qasim is the third largest in the world and its industrial water reservoir with a capacity of 110 million gallons per day is the largest in Asia. A 2.5 km long sea water channel connects the sea water circulation system to the plant site with a consumption of 216 million gallons of sea water per day.
Soviet Contribution to Steel Mill
In January 1971 Pakistan and the USSR signed an agreement under which the latter agreed to provide techno-financial assistance for the construction of a coastal-based integrated steel mill at Karachi.
The huge construction and erection work of an integrated steel mill, never experienced before in the country, was carried out by a consortium of Pakistani construction companies under the overall supervision of Soviet experts.
Corporate Business and Net worth
Pakistan Steel not only had to construct the main production units, but also a host of infrastructure facilities involving unprecedented volumes of work and expertise. Component units of the steel mills numbering over twenty, and each a big enough factory in its own right, were commissioned as they were completed between 1981 to 1985, with the Coke Oven and Byproduct Plant coming on stream first and the
Submitted By: M. Faizan Sohail (7133)
Faculty: Shahid Iqbal
Date of Submission: 12th August 2010
Pakistan Steel Mills
Introduction:
Pakistan Steel Mills is the producer of long rolled steel products in Karachi, Pakistan. The Pakistan Steel Mill is the country 's largest industrial undertaking having a production capacity of 1.1 million tons of steel. The enormous dimensions of the project can be visualized from the construction inputs which involved the use of 1.29 million cubic meters of concrete, 5.70 million cubic meters of earth work (second to Tarbela Dam), 330,000 ton of machinery, steel structures and electrical equipment.
It’s unloading and conveyor system at Port Qasim is the third largest in the world and its industrial water reservoir with a capacity of 110 million gallons per day is the largest in Asia. A 2.5 km long sea water channel connects the sea water circulation system to the plant site with a consumption of 216 million gallons of sea water per day.
Soviet Contribution to Steel Mill
In January 1971 Pakistan and the USSR signed an agreement under which the latter agreed to provide techno-financial assistance for the construction of a coastal-based integrated steel mill at Karachi.
The huge construction and erection work of an integrated steel mill, never experienced before in the country, was carried out by a consortium of Pakistani construction companies under the overall supervision of Soviet experts.
Corporate Business and Net worth
Pakistan Steel not only had to construct the main production units, but also a host of infrastructure facilities involving unprecedented volumes of work and expertise. Component units of the steel mills numbering over twenty, and each a big enough factory in its own right, were commissioned as they were completed between 1981 to 1985, with the Coke Oven and Byproduct Plant coming on stream first and the
Bibliography: http://www.thenews.com.pk/daily_detail.asp?id=249453 http://www.spiritus-temporis.com/pakistan-steel-mills/history-of-pakistan-steel-mills.html www.InformPress.com http://www.defence.pk/forums/economy-development/12981-privatisation-labour-management-relations.html