Russia to Help Pakistan Upgrade Steel Mills ISLAMABAD – Russia is helping Pakistan prepare a plan to upgrade its steel mills, and the plan will be ready by September 15, said Secretary for Industries and Production Saif Anjum during a government meeting chaired by Syed Hafeezuddin. Russia will spend $2.8 million to complete this feasibility […]
British Prime Minister Keir Starmer and U.S. President Donald Trump agreed to reduce tariffs on British imports of cars and steel to the United States last month, with Britain agreeing to lower tariffs on beef and ethanol. But a delay in implementing the deal means steel tariffs may go up before they come down, as […]
Hyundai Steel shares initially jumped more than 5% on the news but reversed early gains to end 7% lower as U.S. President Donald Trump praised the company’s plan. Hyundai Steel’s proposed new U.S. steel plant is part of Hyundai Motor Group’s plan to invest $21 billion in the United States, which was announced by the […]
Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries and Production Rana Tanveer agreed to establish an industrial park on 3200 acres of land and revitalize the Steel Mills on 700 acres. The decision was made during a meeting between the two leaders in Karachi. The proposed industrial park will be established […]
“I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump wrote on his Truth Social platform. “Through a series of Tax Incentives and Tariffs, we will make U.S. Steel Strong and Great Again, and it will happen FAST! As President, […]
Keeping in view the third wave of coronavirus in Pakistan, the government has given the green signal for the restoration of the oxygen plant of Pakistan Steel Mills (PSM). The National Command and Operation Centre (NCOC) has permitted the National Engineers Welfare Association to conduct a preliminary review of the oxygen plant; which will be […]
A Russian delegation agreed to submit proposals for the modernization of Pakistan Steel Mills (PSM). The Russian delegation, led by Andrey Zubal, met on Sindh Chief Minister, Murad Ali Shah, in Karachi and discussed various projects. The members showed interest in working with the Sindh government in several sectors, including hydro-treatment facilities, waste processing, and […]
