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Steel Mills

The initial idea for a domestic iron and steel mill was put forward in the first five year plan of Pakistan (1955 – 1960). Debates over the manufacturing process, supply sources of the requisite machinery and raw materials, plant site, domestic ore versus imported ore, ownership pattern, product mix and above all foreign financing credit kept the project on hold for a considerable time.

It is common today to talk about “the iron and steel industry” as if it were a single entity, but historically they were separate products. The steel industry is often considered to be an indicator of economic progress, because of the critical role played by steel in infrastructural and overall economic development.

The economic boom in China and India has caused a massive increase in the demand for steel in recent years. Between 2000 and 2005, world steel demand increased by 6%.

In the developed countries, the trend is on consolidation of industry. Cross-border mergers have been taking place for several years. The focus is on technological improvements and new products.

Globally, the steel industry became a billion tonne industry in 2004. How much more it will grow will depend primarily on how much more steel is consumed in the developing countries.

Our team provides variety of services to the steel industry.

NEWS UPDATE

Karachi :  There is a dire need to raise awareness ...
Islamabad ,Muzzamil Hussain Sabri, President, M. Shakeel Munir Senior Vice ...
ISLAMABAD, President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid ...
Lahore,  The Pakistan Association of Automotive Parts & Accessories Manufacturers ...
Lahore: The new Saudi Aramco Contract Price for LPG has ...
Lahore,  Federal Minister for Commerce, Government of Pakistan, Engr. Khurram ...
Islamabad ,Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt ...
  Karachi: The Karachi Stock Exchange has suspended the operations ...
ISLAMABAD, Chairman Coordination Federation of Pakistan Chamber of Commerce and ...
  Karachi,  Meezan Bank Ltd has launched Shariah-compliant financing schemes ...

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