Pakistan Steel to produce steel from Coke – Alfalah Securities Limited

Karachi: Pakistan Steel Mill Corporation (PSMC) has been successful in utilizing coke for the production of steel, obtained from a by-product of coke breeze.

According to Alfalah Securities Limited, Pakistan steel has been facing a shortage of raw materials as the import of coke was not viable in the country due to financial constraints. As a result, the company has been successful in producing 25mm coke being used in the blast furnace for steel production and would possibly save PkR 100 mn per day to the company. Alfalah Securities expects the company to become self sufficient in utilizing raw materials for steel production while it would also be able to improve its financial position due to a saving of PkR 100 mn per day.