Chinese Iron and Steel Enterprises has interest in investment in Paksitan

According to the report on The National and Dawn of Pakistan on 30th,July, both China Metallurgical Group Corporation (MCC) and Sinosteel Corporation (Sinosteel)showed their interest to invest in the Pakistan Iron and Steel Company (PSM). PSM is the old state-owned iron and steel enterprise, however，its capacity utilization is insufficient and loss year after year because of poor efficiency.Although the government support it for many times,its capacity utilization is only 77% at present. The government has put a PSM on privatisation agenda. Both MCC and Sinosteel has met with the minister of Pakistan Industrial Production Department and discussing about cooperation. Pakistan government commits to provide all possible supports to the Chinese iron and steel enterprises who invest in Pakistan, looking forward to establishing a mutually beneficial and win-win cooperation.
As a manufacturer of high-end stainless steel pipe making machinery,Seko pays close attention to Pakistan stainless steel industry.

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