Metals and Mining
Company Overview of Pakistan Steel Mills Corporation (PVT) LTD.
Pakistan Steel Mills Corporation (PVT) LTD. manufactures and sells steel products in Pakistan. Its products include steel billets; hot rolled carbon steel coils, sheets, strips, and plates; cold rolled sheets/coils; galvanized sheets; formed sections; foundry grade and conversion grade pig iron; metallurgical coke; oxygen and nitrogen; refractory bricks; and by-products, such as coal tar, granulated slag, boulder slag, and ammonium sulphate. The company also offers services, including engineering design, electronics, electrical, mechanical, metallurgical, engineering testing, and electrical testing and calibration services. It sells products through a network of dealers. Pakistan Steel Mills...
Founded in 1968
Key Executives for Pakistan Steel Mills Corporation (PVT) LTD.
Chief Executive Officer and Director
Acting Chief Finance Officer
Acting Principal Executive Officer of Commercial Directorate
Principal Executive Officer of Production Directorate
Acting Principal Executive Officer of A & P Directorate
Compensation as of Fiscal Year 2015.
Pakistan Steel Mills Corporation (PVT) LTD. Key Developments
National Assembly May Oppose Sale of Pakistan Steel Land
Aug 18 15
National Assembly Standing Committee may not favor the sale of 11,000 acre land of Pakistan Steel Mills Corporation (PVT) LTD. Bin Qasim, Asad Umar
said that we would be the first to protest in case 11,000 acres of Pakistan Steel Mills are sold.
Pakistan Steel Mills Privatization Likely By 2015 End
Jun 10 15
Last week, government officials held preliminary meetings to discuss the privatization of Pakistan Steel Mills Corporation (PVT) LTD. (PSM). The sale is expected by the end of 2015, officials said on June 9, 2015. Muhammad Zubair, minister of state for privatization said: "We had a kick-start meeting last week, or about 10-days ago. The government is committed to privities the entity by December 2015 - January 2016" if all remains well - particularly on political front." He added that the government of Pakistan has started "soft marketing" of the steel complex, however, declined to share details of the planned privatization. "It will be too early to share information on PSM transaction," he said. Earlier, the government was considering multiple options for its privatization, including selling minimum 26% stake with management right. A consortium consisting of China Development Bank Securities Co. Ltd., Pak China Investment Company Limited, Iqbal A Nanjee & Co. Pvt. Limited, Sinosteel, Abacus Consulting Technology (Pvt.) Ltd., Cornelius, Lane & Mufti & PWC CA are advising on PSM privatization. Sources said a team of the financial advisor would start visiting plants and machinery of the PSM from June 10, 2015. All departmental heads have been advised to provide data required to the financial advisor for evaluation.
PC Reportedly Appoints Financial Advisor To Sell PSM
May 5 15
Privatization Commission (PC) has reportedly approved $100 million notional value of Pakistan Steel Mills Corporation (PVT) LTD. (PSM) and appointed consortium of Pak China Investment as financial advisor to prepare PSM for sell-off, sources close to Chairman of PC, said.
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