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The Pakistan Steel Mills Corporation, [2] [3] colloquially referred to as Pak Steel, is a Pakistani state-owned company that produces long-rolled steel and heavy metal products in the country. [ 4 ] Headquartered in Karachi , Sindh , the PSMC is currently the largest industrial mega-corporation in Pakistan, having a production capacity of 1.1 ...
By 1971, it was Pakistan's largest steel industry starting to make presence in steel industry in Pakistan. [5] In 1972, Prime Minister Zulfikar Ali Bhutto nationalized the steel industry, including the Ittefaq family business empire, as it was the biggest profit making industry for Pakistan 3— Ittefaq Group. [5]
Mughal Iron & Steel Industries, commonly known as Mughal Steel (Urdu: مغل اسٹیل), is a Pakistani steel company which manufactures steel products and is based in Lahore. [ 2 ] [ 3 ] [ 4 ] History
Pakistan Steel Mills is the current largest industrial corporation undertaking having a production capacity of 1.1—5.0 million tonnes [2] of steel and iron foundries. Built with the contributions of the Soviet Union in the 1970s, it is the largest industrial mega corporation complex, [3] vastly expanded in an enormous dimensions construction inputs, involving the use of 1.29Mn cubic meters ...
Pages in category "Steel companies of Pakistan" The following 8 pages are in this category, out of 8 total. This list may not reflect recent changes. A. Aisha Steel;
International Steels was founded by Amir Sultan Chinoy in 2007 as a joint-venture between International Industries Limited, Sumitomo Corporation, and JFE Steel. [6] [3] Its plant was commissioned in 2010 at a cost of $162 million and it had a capacity to produce 280,000 tons per annum of cold rolled coil from hot rolled coil, including 150,000 tons per annum of galvanized steel. [7]
Pakistan's industrial sector (in FY21) accounts for 28.11% of the GDP. Of this, manufacturing makes up 12.52%, mining constitutes 2.18%, construction makes up 2.05%, and electricity and gas 1.36%. The majority of industry is made up of textile units, with textiles contributing $15.4b to exports, making up 56% of total exports.
A year later, Alshafi Steel merged with Ittefaq Sons, forming Ittefaq Iron Industries Limited in 2009. [1] [5] In 2017, Ittefaq Iron Industries raised Rs. 1.26 billion through initial public offering at a strike price of Rs. 30.2 and became a listed company on the Pakistan Stock Exchange. [6] [7]