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Print[Ferro-Alloys.com] KARACHI – The Pakistan Steel Mills Chief Executive Officer Muhammad Javed has pledged that Mills will be revived and made profitable within next 12 to 18 months as per approved business plan and its expansion will also be made soon.
CEO said that the production capacity of the Mills will be increased after the arrival of raw material till mid of November and will reach up to 45pc in January 2013.
He informed that from the first installment of bailout package, Pakistan Steel opened 3 LCs of raw material of 2 coal ships and one iron ore ship which will be utilised to boost the production up to 45pc and next shipments will be purchased soon after the second installment of bailout package.
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