Eight parties pre-qualify for Pakistan Steel tender

Eight parties pre-qualify for Pakistan Steel tender

Pakistan's Privatization Commission Board pre-qualified eight bidders for the Pakistan Steel Mills Corporation (PSMC) tender, while another three parties were also conditionally pre-qualified. The Privatization Commission received twelve applications for the privatization of PSMC. The parties that applied are: 1. Al-Tuwairqi Group Of Companies, Saudi Arabia, with Arif Habib Group of Companies, Pakistan 2. Magnitogorsk Iron & Steel Works, Russia 3. Noor Financial Investment Company, Kuwait 4. Shanghai BaoSteel Group Corporation, China 5. Investment & Development Office of Government of Ras Al Khaimah, United Arab Emirates 6. International Mineral Resources, Switzerland 7. Aljomaih Holding Company, Saudi Arabia 8. International Industries Ltd, Pakistan 9. Hassan Associates (Pvt) Ltd, Pakistan, with Med-Europe Commodities International s.a.l 10. Privilege Developers (Pvt) Ltd with SEKYRA a.s, Czech Republic 11. Aqeel Karim Dhedhi Securities (Pvt) Ltd, Pakistan 12. Nishat Mills Limited, Pakistan PSMC is Pakistan's largest and only integrated steel manufacturing plant, with an annual designed production capacity of 1.1 million metric tons. The PSMC complex includes coke oven batteries, a sintering plant, blast furnaces, steel converters, bloom and slab casters, a billet mill, hot and cold rolling mills, a galvanizing unit and 165MW of power generation units supported by various other auxiliary units. It is located 30 km southeast of the coastal city of Karachi, in close proximity to Port Bin Qasim. PSMC manufactures a wide mix of products, including both flat and long products.