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Arrival of ships laden with iron ore and coking coal to boost PSM production levels - September 24

According to Pakistan Steel Mills sources, two ships carrying iron ore of 20,000 tonnes and 50,000 tonnes have arrived at the Pakistan Steel Jetty at Port Muhammad Bin Qasim.

 

Meanwhile, the ship that brought 50,000 tons has started offloading on September 19.

 

A spokesman said that earlier, two ships carrying 50,000 tonnes each of coking coal from Australia were also cleared at the Pakistan Steel Jetty, while one carrying 55,000 tonnes of iron ore from Mauritania is expected to reach by October 6.

 

With the arrival of these ships, the total quantity of raw materials stock of PSM has increased to 160,000 tonnes of coal and 112,000 tonnes of iron ore. The management is confident that with the arrival of the latest ships, the production and capacity utilisation of the mill will further increase and help achieve the targets set by the government.

 

It is pertinent to mention that the current average capacity production utilisation of PSM has increased to almost 25%. The total installed capacity of the mill is 1.1 million tonnes per annum.

 

 

 

(Source - www.steelguru.com)