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PSM exports granulated slag and coke breeze
2004 June 12

  "In order to undertake much needed revamping, maintenance and expansion of Pakistan Steel, every penny will have to be saved through normal production and even trough recycling and reprocessing of steel by-products,” said Chairman Pakistan Steel Lt. Gen. Abdul qayyum (Retd) while addressing the managerial staff of the organization at Operations Building, Bin Qasim on 10-06-2004. He informed the officers with pride that while 30,000 tonnes of granulated slag was exported to Sharjah (UAE) as raw material for cement industry, another 30,000 tonnes of the material was in the pipeline for shipment in next couple of days. Besides, a contract of 10,000 tonnes of coke breeze of 0-15 mm size was signed on 09-06-2004 for export to far eastern countries including Malaysia, Korea and japan, while additional 30,000 tonnes of coke breeze was in the pipeline for exports through local firm M/s. Global Commodities. It may be noted that discarded coke breeze is being exported first time in the history of Pakistan Steel which will not only fetch additional financial benefits, but also enable to improve general cleanliness and curb dust pollution in the plant area.  


Russia Keen To Invest In Expansion of PSM and Auto Sector
2004 June 12

The Ambassador of Russian Federation in Pakistan, Eduard S. Shevchenko Thursday called on Minister for Industries and Production, Liaquat Ali Jatoi here and discussed matters of mutual interest and ways to enhance economic ties between the two countries including expansion of Pakistan Steel Mills. 

The Ambassador discussed that Russia is willing to help in expansion of 2nd phase of Pakistan Steel Mills as a MOU has already been signed with Russia for expansion of Ist phase of Steel Mills from I million to 1.5 million tonnes production per annum alongwith Russian companies interest in auto sector to meet the demand by introducing small car for the common man and manufacturing of tractors through joint venture project.

Duty on steel, aluminum products to be reduced in new budget
2004 June 7

The government has decided to reduce duty on steel products and aluminum in the next federal budget 2004-05. The decision has been taken under the demand raised by the concerned people and in view to promote construction activities in the country, informed sources at the ministry of finance told Online. "The existing 10% duty on steel products and aluminum would be reduced by five percent in the new budget," sources maintained. The duty drawback on raw material being used in preparation of steel products would also be reduced, sources added. It is worth mentioning here that the construction industry had remained under severe pressure due to huge increase in cement and iron prices. Despite time and again complaints by the affected people, no reduction was made in these prices. However, reduction in duty on steel and aluminum products would pave the way for reduction in prices of construction material.

Pakistan Steel decided to hire the services of UK based international firm
2004 June 5

Pakistan Steel has decided to hire the services of UK-based Transparency International Company to improve the format of its tender documents to World Bank Standards and upgrade tendering procedures to international levels for the sake of transparency and corporate efficiency. This was stated by Lt. Gen. (Retd.) Abdul qayyum, Chairman Pakistan Steel while addressing a large number of Pakistan Stel Suppliers at Operations Building of Pakistan Steel at Bin Qasim on 02-06-2004. He assured all suppliers that Pakistan Steel would adhere to commercial norms. He said "Tenders will have a wide circulation and will be on website. All bids will first be subjected to technical scrutiny for short listing; thereafter financial bids will 
be invited. Low bidders will have the first privilege to sigh the contract. Bid money and performance guarantees bonds will be returned immediately when no longer required".

The Chairman, however, advised the suppliers to discourage those gang up for unfair benefits and give dummy bids. He also expected the suppliers to quote genuine prices as Pakistan Steel was a collective national asset.

Pakistan Steel to setup institute of metallurgy & material sciences 2004 June 3

Realizing the importance of Metallurgical education and research in the country, Chairman Pakistan Steel Lt. Gen. Abdul Qayyum (Retd.) chaired a high level meeting specially called for this purpose, which was attended by Managing Director Peoples’ Steel Mills other senior officials of Pakistan Steel & Peoples’ Steel Mills. In this opening remarks, Chairman Pakistan Steel emphasized that there was a pressing need to setup a credible Institute of Metallurgy & Material Sciences in Pakistan. This proposed Centre of Excellence would focus on skill development and applied research to cater the requirements of the country. He was of the opinion that the syllabus should be designed & oriented in conformity with the rapidly developing requirements of the steel industry. Managing Director Peoples’ Steel Mills Dr. Syed Aftab Ahmed suggested to concentrate on Applied Research and Skill Development giving due importance to techno-commercial aspects in areas of productivity, yield and quality etc. Peoples’ Steel Mills is ideally placed to provide on-job training in a variety of different steel processing operations and to extend research oriented projects. A committee comprising Managing Director Peoples’ Steel Mills and Director (Production) Pakistan Steel was constituted to form syndicate committees in various disciplines of interest, and implement the decisions taken during the meeting. The committee will give its recommendations covering, interalia, types of courses, syllabi selection of faculty and up-gradation of Pakistan Steel Metallurgical Training Centre’s instructional / training infrastructure.

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