Chinese firm offers $1.5 billion to upgrade Pakistan Steel Mills

Beijing Review | Sep 16, 2022 at 2:00 AM
  • The largest Chinese Steel Company has offered $1.5 billion to purchase and upgrade Pakistan Steel Mills (PSM).
  • Steel demand in Pakistan has reached seven million tons, the industry needs expansion and investment.
  • After privatization, the steel mills’ production will reach one million tons in the first year, two million tons in the second year, and further, three million tons in the third year.