Pakistan Steel Mills

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  • Topic: Nawaz Sharif, Steelmaking, Government of Pakistan
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  • Published : August 18, 2010
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Topic: Privatization of Pakistan Steel Mills

Subject: Pakistan Economic Policy

Submitted By: M. Faizan Sohail (7133)

Faculty: Shahid Iqbal

Date of Submission: 12th August 2010

Pakistan Steel Mills
Pakistan Steel Mills is the producer of long rolled steel products in Karachi, Pakistan. The Pakistan Steel Mill is the country's largest industrial undertaking having a production capacity of 1.1 million tons of steel. The enormous dimensions of the project can be visualized from the construction inputs which involved the use of 1.29 million cubic meters of concrete, 5.70 million cubic meters of earth work (second to Tarbela Dam), 330,000 ton of machinery, steel structures and electrical equipment. It’s unloading and conveyor system at Port Qasim is the third largest in the world and its industrial water reservoir with a capacity of 110 million gallons per day is the largest in Asia. A 2.5 km long sea water channel connects the sea water circulation system to the plant site with a consumption of 216 million gallons of sea water per day. Soviet Contribution to Steel Mill

In January 1971 Pakistan and the USSR signed an agreement under which the latter agreed to provide techno-financial assistance for the construction of a coastal-based integrated steel mill at Karachi. The huge construction and erection work of an integrated steel mill, never experienced before in the country, was carried out by a consortium of Pakistani construction companies under the overall supervision of Soviet experts. Corporate Business and Net worth

Pakistan Steel not only had to construct the main production units, but also a host of infrastructure facilities involving unprecedented volumes of work and expertise. Component units of the steel mills numbering over twenty, and each a big enough factory in its own right, were commissioned as they were completed between 1981 to 1985, with the Coke Oven and Byproduct Plant coming on stream first and the Galvanizing Unit last. Commissioning of Blast Furnace No.1 on 14 August, 1981 marked Pakistan's entry into the elite club of iron and steel producing nations. The project was completed at a capital cost of Rs.24,700 million. The completion of the steel mill was formally launched by the then-President of Pakistan on 15 January, 1985. Pakistan Steel today is the country's largest industrial undertaking, having a production capacity of 1.1 million tons of steel. Founders of Pakistan Still Mills

The real founders of Pakistan Steel Mills are Prof. Dr. Niaz Muhammad, Wahab Siddiqui and Russian scientist Mikhail Koltokof. It was the hard work of Dr. Niaz Muhammad that thousands of scientists and technical staff got trained by him. His inspirations and innovations got him the highest award from President of Pakistan, and also from Government of Russia. The Government of Pakistan has given him Pride of Performance. His nomination for Nobel Prize was biggest respect what Pakistan achieved. Social obligations

Pakistan Steel Mills, besides its core activities, has done a lot in making the environment in and around Pakistan Steel green and beautiful through the addition of three unique projects: the Quaid-I-Azam Park, The Quaid-I-Azam Cricket Park and the Quaid-I-Azam Beach. The Quaid-I-Azam Park, which spreads out over an area of 45acre, consists of a series of six interconnected lakes, lush green lawns and grassy terraces, colorful flower beds, fountains, life- size steel-made models of wild and marine animals, a jogging track, a bird sanctuary and mini-zoo, as well as a children's play and recreational ground and boating facilities. The other unique project, known as the Quaid-I-Azam Cricket Park, has been established amidst the pleasing surroundings of Steel Town, featuring sloping grassy terraces all around for spectators and four diagonally-located hillocks with seating arrangements to provide a panoramic view of the game. This is spread over an area of 32000 sq. meters and is...
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