According to recent news in the market, a Chinese delegation led by
China Metallurgical
Construction Corporation (MCC) visited Pakistani Federal Minister for Industries and
Production and expressed their interest to revamp
Pakistan Steel Mills (PSM) and to invest in expansion projects of the company.
They also informed the Minister that they have undertaken many
construction projects, including the
construction of
Baosteel Complex of Shanghai and Anshan Steel Works.
The Minister ensuring MCC that
Pakistan will provide technical support to the company stated that MCC should also participate in projects of other sectors in
Pakistan. Moreover, MCC should invest in the exploitation of
iron ore mines in
Pakistan.