In 1968 the Government of Pakistan decided that the KarachiSteelProject should be sponsored in the public sector, for which a separate Corporation, under the Companies Act, be formed. In pursuance of this decision, Pakistan Steel Mills Corporation Limited was incorporated as a private limited company to establish and run steel mills at Karachi. Pakistan Steel Mills Corporation concluded an agreement with V/o Tyaz Promexport of the USSR in January, 1969 for the preparation of a feasibility report for the establishment of a coastal-based integrated steel mill at Karachi. In January 1971 Pakistan and the USSR signed an agreement under which the latter agreed to provide techno-financial assistance for the construction of a coastal-based integrated steel mill at Karachi. The foundation stone of this vital and gigantic project was laid on 30 December, 1973 by the Prime Minister of Pakistan Zulfikar Ali Bhutto. The mammoth construction and erection work of an integrated steel mill, never experienced before in the country, was carried out by a consortium of Pakistani construction companies under the overall supervision of Soviet experts. Pakistan Steel not only had to construct the main production units, but also a host of infrastructure facilities involving unprecedented volumes of work and expertise. Component units of the steel mills numbering over twenty, and each a big enough factory in its own right, were commissioned as they were completed between 1981 to 1985, with the Coke Oven and Byproduct Plant coming on stream first and the Galvanizing Unit last. Commissioning of Blast Furnace No.1 on 14 August, 1981 marked Pakistan's entry into the elite club of iron and steel producing nations. The project was completed at a capital cost of Rs.24,700 million. The completion of the steel mill was formally launched by the then-President of Pakistan on 15 January, 1985. Pakistan Steel today is the country's largest industrial undertaking, having a production capacity of 1.1 million tonnes of steel. The real founders of Pakistan Steel Mills are Prof. Niaz Muhammad, Wahab siddiqui and Russian scientist Mickhail Koltokof. It was the hard work of Prof Niaz that thousands of scientists and technical staff got trained by him. His inspirations and innovations got him the highest award from president of Pakistan, and also from Russian Govt. The Govt of Pakistan has given him Pride Of Performance. His nomination for nobel prize was biggest respect what Pakistan achieved.
Location and site
Pakistan Steel is located at a distance of 40 km Southeast of Karachi at Bin Qasim near Port Muhammad Bin Qasim. It was found to be an ecologically preferable location, alongside a tidal creek and having a wind direction away from the city of Karachi. Pakistan Steel is spread out over an area of 18,660 acres (about 29 square miles (75 km2)) including 10,390 acres (42 km2) for the main plant, 8,070 acres (33 km2) for the township and 200 acres (0.8 km2) for the 110 MG water reservoir. In addition it has leasehold rights over an area of {convert|7520|acre|km2|0} for the quarries of limestone and dolomite in the Makli and Jhimpir areas of Thatta district.
Social obligations
Pakistan Steel, besides its core activities, has done a lot in making the environment in and around Pakistan Steel green and beautiful through the addition of three unique projects: the Quaid-I-Azam Park, The Quaid-I-Azam Cricket Park and the Quaid-I-Azam Beach. The Quaid-I-Azam Park, which spreads out over an area of 45 acres (180,000 m2), consists of a series of six interconnected lakes, lush green lawns and grassy terraces, colourful flower beds, fountains, life- size steel-made models of wild and marine animals, a jogging track, a bird sanctuary and mini-zoo, as well as a children's play and recreational ground and boating facilities. The other unique project, known as the Quaid-I-Azam Cricket Park, has been established amidst the picturesque surroundings of Steel Town, featuring sloping grassy terraces all around for spectators and four diagonally-located hillocks with seating arrangements to provide a panoramic view of the game. This is spread over an area of 32000 sq. meters and is equipped with all the necessary facilities, conforming to international standards. The third project, Quaid-I-Azam Beach, is being developed with the aim to provide a seaside recreational spot to the employees of Pakistan Steel, especially those residing at Steel Town and Gulshan-e-Hadeed. Mohammad Mushaffay Ahmed is majority times elected president of Pakistan steel mills union.
Pakistan Steel is also on its way to establish Quaid-I-Azam National Park over a vast area of 400 acres (1.6 km2) adjacent to Steel Town which shall be a tremendous contribution in the development of the environment.[citation needed]. The organisation also has a football team Privatisation
In May 2006, the government of General Musharraf privatised Pakistan Steel Mills. The consortium involving Saudi Arabia-based Al Tuwairqi Group of Companies submitted a winning bid of $362 million for a 75 per cent stake in Pakistan Steel Mills Corporation (PSMC) at an open auction held in Islamabad. the consortium of Saudi Arabia-based Al Tuwairqi Group of Companies, Russia's Magnitogorsk Iron & Steel Works and local firm Arif Habib Securities paid a total Rs21.6 billion ($362 million), or Rs16.8 per share, to take control of Pakistan's largest steel manufacturing plant.
Tuwairqi Group of Companies, one of the Ieading business concerns in Saudi Arabia, also launched a $300 million steel mills project at Bin Qasim. The group will set up Tuwairqi Steel Mills (TSM), a state-of-the-art steel-making plant in the southern port city of Pakistan.
Suo moto notice
In response to wide spread public outcry and call for action the Chief Justice of Pakistan took a suo moto action against the privatisation citing irregularities in the process. The verdict was delivered on August 8, 2008.
The Supreme Court on August 8, 2008 held that the entire disinvestment process of the Pakistan Steel Mills reflected a haste, ignoring profitability aspect and assets of the mills by the financial adviser before its evaluation. The transaction was the outcome of a process reflecting procedural irregularities, said the 80-page judgment in the PSM case.
On June 23, a nine-member bench of the Supreme Court had annulled the sale of the country’s largest industrial unit to a three-party consortium and had directed the government to refer the matter to the Council of Common Interests within six weeks. It had declared the $362 million transaction with the Russian-Saudi-Pakistan investors as null and void.
Authored by Chief Justice of Pakistan Justice Iftikhar Mohammad Chaudhry, the judgment said the entire exercise reflected a haste by the Privatisation Commission (PC) and the Cabinet Committee on Privatisation (CCOP). The PC had processed the March 30 final report of the financial adviser the same day and a meeting of the PC board and a summary had also been prepared the same day when a six week time was mandatory to examine and fix a fair reference price for approval by the CCOP.
“This unexplained haste caste reasonable doubt on the transparency of the whole exercise and reflects CCOP’s disregard towards mandatory rules and materials, essential for arriving at a fair reference price,” it maintained.
The board had proposed to value the share of the mill at Rs17.43 but it was reduced to Rs16.18 without assigning any reason, the verdict said. The verdict said that keeping in view the annual net profit of the mill, its shares’ value should have been ascertained by offering 10 per cent equity of the mills on the stock exchange.
“A constitutional court would be failing in its duty if it does not interfere to rectify the wrong, Worth of Steels Mills
The worth of Steels Mills calculated on 30 June 1999, including 4,500 acres (18 km2) of land and long term assets, came to $0.294 billion . The worth of Steels Mills grew from 1999 to 2005 to become $349 million and while a Saudi group Tuwairqi agreed to pay $362 million for Steels Mills. IN 1999, Steels Mills had loan of Rs.19.11 bn, which was being repaid and currently only Rs. 4 billion is left.
The government was privatizing Steels Mills in profit of $13 million and had not sold the access 14,500 acres (59 km2) of land of Pakistan Steel Mills and negotiations were on with the Sindh government to set up an Industrial Park on that land.
THE CHAIRMAN. The Federal Government has appointed Mr. M. M. Usmani as the new Chairman at the country’s largest public sector enterprise Pakistan Steel.
Mr. Usmani has a distinguished academic and service record. He is a graduate of the Karachi University, has a diploma in Economic Development from Cambridge (U.K) and a Course in Business Administration from Boston (U.S.A).He worked as Deputy Commissioner in Nawabshah and as Political Agent in Gilgit. He was the Commissioner of Karachi for about 5 years. He served as Chairman of K.D.A. and as Secretary in various Departments of the Government of Sindh. Besides he has held the office of Additional Secretary in the Ministry of Production, been the Chairman of Trading Corporation of Pakistan (TCP) and Rice Export Corporation of Pakistan (RECP) and also served as the Federal Secretary, Ministry of Education & Chairman University Grants Commission.
Effective from 28/08/2009Price List No: 2009/12
Ex-Mill Price in Rupees/Tonne (Excluding Sales Tax/Excise Duty)
1. BILLETS/BLOOMS
(a) Prime
All grades including SAE-1006, SAE-1008, SAE-1010 except SUP series or as specified below:
Dimensions
Price Rs./Ton
Billets
150 x 150mm
125 x 125mm
90 x 90mm/ 100 x 100mm/ 105 x 105mm
80 x 80mm/ 75 x 75mm
65 x 65mm
50 X 50mm
40,500
40,500
41,000
41,350
42,200
42,700
Bloom
260 x 260mm
40,800
Billet, Grade SUP 6 & 7
100 x 100mm
75 x 75mm
57,700
58,000
Billet, Grade SUP 9
100 x 100mm
75 x 75mm
58,700
59,000
b) Secondary Billet
i) Prices of all secondary / Rejected / Off grade / OCB Billets will be Rs. 400 PMT
less than the price of Prime Billets for respective profile and grade.
ii) Grade charges will not apply on secondary / Rejected / Off grade / OCB Billets.
(c) Ingot Square
i) 75 x 960 mm
ii)100 x 960 mm
iii)125 x 1440 mm
41,400
41,400
41,400
(d) Extra Charges For Special Grades of Billets / Ingot Square
2. HOT ROLLED PRODUCTS
(a) Hot Rolled Coils - Prime (Mill Edge)
All grades except Grade-SG 26/255, Lloyds Grade "A",
API 5LB up to X-70, RST 37-2CU/1543 and RST 52-3/1543.
Dimensions
Price Rs./Ton
Hot Rolled Coils - Prime (Mill Edge)
Upto2.0 mm x 1000 / 1220 mm
54,000
Over 2.0 & upto 2.35 x 1000 / 1220 mm
53,800
Over 2.35 & upto 3.25 x 1000 / 1220 mm
53,600
Over 3.25 & upto 3.65 x 1000 / 1220mm / 1500 mm
53,400
Over 3.65 & upto 5.00 x 1000 / 1220 / 1500 mm
53,200
Over 5.00 mm
53,000
Note:
Pickled and pickled and oiled charges @ Rs. 3,500 PMT shall be applicable over and above the prices of the respective size and grade of Prime Quality and Secondary-A material only.
Prices of all Secondary-A hot rolled products shall be charges @ 1% below the respective thickness wise prices of Prime Quality Grade HR-1.
Prices of Secondary-B hot rolled products shall be charged @ 10% less than the price of Prime (Grade HR-1) Products in respective dimension and year of manufacture.
Extra charges irrespective of year of manufacture.
Grade
Price Rs./Ton
Extra Charges
a) For Grades
i) 5LB
ii)X-42 to X-46
iii) X-52/ X-56/X-60/X-65 (PSL-2)
iv ) X-52/ X-56/X-60/X-65 (PSL-1)
v ) X-70
vi) RST-37-2, Cu/1543 & RST-52-3/1543
vii ) SG-26/255 SAPH-440
viii) Lloyds Grade A
b) For Shearing
c) For Slitting
d) Additional charges for special services to M/s. BWL
(b) Chequered Material (in all grades and thicknesses) - Tear Drop Pattern
Type
Price Rs./Ton
I) Prime
57,000
II) Secondary-A
55,000
III) Secondary-B
54,500
(c) Channel/Angles/Beams/Sections (in all grades)
Dimensions
Price Rs./Ton
Thickness 2.0 to 8.0 mm
63,000
(d) M.S. Slabs (Mixed grade and thicknesses irrespective of year of manufacture)
Type
Price Rs./Ton
Prime
42,000
Rejected/Axial crack
39,500
Extra Charges: (for any specific grade other than mixed grade)
1,500
(e) M.S. Thick Plates (in all grades & thicknesses irrespective of year of manufacture)
Dimensions
Price Rs./Ton
MS Thick Plates
Upto 29mm
Over 29 upto 49mm
Over 49 upto 64mm
Over 64 upto 99mm
Over 99mm
42,000
40,500
41,000
40,500
40,500
3. COLD ROLLED PRODUCTS
(a) Cold Rolled Coils - Prime
All grades except SPCEN
Dimensions
Price Rs./Ton
Cold Rolled Coils (Prime)
Upto 0.55 mm x 915/1220 / 950
Over 0.55 & upto 0.60 x 915 / 1220 / 950
Over 0.60 & upto 0.65 x 915 / 1220 / 950
Over 0.65 & upto 0.70 x 915 / 1220 / 950
Over 0.70 & upto 0.75 x 915 / 1220 / 950
Over 0.75 & upto 0.80 x 915 / 1220 / 950
Over 0.80 & upto 0.90 x 915 / 1220 / 950
Over 0.90 & upto 1.00 x 915 / 1220 / 950
Over 1.00 & upto 1.20 x 915 / 1220 / 950
Over 1.20 & upto 1.6 x 915 / 1220 / 950
Over 1.6 mm
Price of Prime Quality un-annealed cold rolled products will be @ Rs. 500 PMT less than the prices of Prime Quality cold rolled products.
Prices of Prime Quality cold rolled products (annealed/unannealed) weight less than 2.00 M.Ton shall be charged @ 1% below the respective thickness-wise price of prime quality in the specific grade.
Prices of all Secondary-A Cold Rolled products annealed/unannealed shall be charged @1% below the respective thickness - wise prices of Prime Quality Grade CR-1.
Prices of Secondary-A Cold Rolled products annealed/unannealed weight less than 2.00 M.TN shall be charged @ 2% below the respective thickness-wise prices of prime quality Grade CR-1.
Price of Secondary-B Cold Rolled Products annealed/unannealed shall be charged @ 10% less than the prices of Prime ( Grade CR-1) Products in respective dimensions and year of manufacture.
Extras charges irrespective of year of manufacture.
Grade
Price Rs./Ton
Extra Charges
a) For Grades
i) SPCEN
ii) RST-12.03 - Cu 3
iii)CR3
iv)CR4
b) For Shearing
C) For Slitting
5,500
6,000
500
1,000
1,500
2,000
4. GALVANISED PRODUCTS
(a) Galvanised Coils - Prime (for all grades)
Dimensions
Price Rs./Ton
Galvanised Coils -Prime (all grades)
Upto 0.55 mm x 915 / 950 / 1220
Over 0.55 & upto 0.60 x 915 / 950 / 1220
Over 0.60 & upto 0.65 x 915 / 950 / 1220
Over 0.65 & upto 0.70 x 915 / 950 / 1220
Over 0.70 & upto 0.75 x 915 / 950 / 1220
Over 0.75 & upto 0.80 x 915 / 950 / 1220
Over 0.80 & upto 0.85 x 915 / 950 / 1220
Over 0.85 & upto 0.90 x 915 / 950 / 1220
Over 0.90 & upto 1.00 x 915 / 950 / 1220
Over 1.00 & upto 1.5 x 915 / 950 / 1220
Over 1.5 mm
Prices of Prime Quality Galvanised Products weighing less than 2.00 metric tonnes shall be charged @ 1% below the respective thickness wise prices of Prime Quality in the specific grade.
Prices of all Secondary-A Galvanised products shall be charged @ 2% below the respective thickness wise prices of Prime Quality Grade G-01.
Prices of Secondary-A Galvanised products weighing less than 2.00 metric tonnes shall be charged @ 4% below the respective thickness wise prices of Prime Quality Grade G-01.
Prices of Secondary-B Galvanised products shall be charged @ 10 % less than the price of Prime (Grade G-01) Products in respective dimension and year of manufacture.
Unsorted End Cuts (CR.A)
Unsorted End Cuts (CR.T)
Unsorted End Cuts (CR.U)
Unsorted Annealed Coil
Unsorted Temper Coil
Unsorted Unannealed Coil
Unsorted Rej. CR Sheet
43,900
47,400
43,500
42,700
45,500
42,700
52,900
(c) Galvanised
Product Code
Price Rs./Ton
955
963
Unsorted End Cut (GP)
Unsorted GP-Coil
48,400
51,500
6. BY-PRODUCTS
(a) Pig Iron
Type
Price Rs./Ton
Pig Iron
CPI (all types including off grade CPI-S and imported)
FPI-5/6/5S/6S/5HMn/6HMn/HSi/Off Grade
FPI-4/4S/4HMn
FPI-3/3S/3HMn
FPI-2/2S/2HMn
FPI-1/1S/1HMn
Pig Iron Residue
Pig Iron (Dust)
Pig Iron Disc Scrap
Extra charges at Rs. 200 PMT for allowing hand picking of coke sizes +80mm by labours deployed by the buyers on their account shall be payable at the time of obtaining delivery orders.
(d) Ammonium Sulphate
Bulk: In loose form
Rs.15,000
Packed: In 50kg Bags
Rs. 15,300
(e) Coal tar:
Rs. 25,000
(f) Solar Oil:
Rs. 33,500
(g) Slag
Type
Price Rs./Ton
Slag
Granulated
BF Boulder Slag (Unscreened / Left Over)
Convertor Slag Boulder Slag along with HMLR content
1,000
75
750
700
(h) Oxygen/Nitrogen: ( in cum)
Rs. 36
(i) HMLR:
Rs. 25,000
(j) Runner Scrap:
Rs. 25,000
(k) Steel Metal Ladle Residue (SMLR) Scrap:
Rs. 30,000
(l) Steel Scrap Retrieved from Convertor Slag:
Rs. 25,000
(m) Steel scrap 0-60mm
Rs. 21,300
(n) Mill scale
Rs. 15,800
(o) Iron Oxide
Rs. 18,600
(p)Tar Bonded Dolomite (TBD) Bricks(In all grades/sizes/shapes)
Rs. 29,500
(q) Chamote Powder
i. 0-3 mm
ii. 0-20 mm
Rs. 4,900
Rs. 4,900
(r) Tundish Well Block CN-42
Rs. 34,750
(s) Bricks Fire Clay in all sizes & Shapes
Rs. 15,300
(t) i. Calcined Dolomite (Dead Burnt Dolomite)
ii. Calcined Lime (Burnt Lime) Size 0-10 mm
iii. Calcined Lime (Burnt Lime) Size 10-50 mm
iv. Lime Stone Size 0-20 mm (Ex-BMD Makli Quarries)
v. Lime Stone Size 20-50 mm ( Ex-BMD Makli Quarries)
(u) Mortar:(v) Burnt Refractory Bricks (Mixed):
Rs. 10,950
Rs. 4,200
Rs. 4,200
Rs. 550
Rs. 550
Rs. 38,000
Rs. 10,000
Note:
The prices are subject to change without notice.
Items, whose prices have not been indicated in this price list, are not to be offered for sale.
All materials shall be allocated subject to availability.
A large inventory of Ball, Thrust, Roller, Cylindrical, Taper, Flexible, Needle & Spherical brand new, greased and packed bearings ranging from 12.6 mm internal diameter to 530 mm internal diameter, being excess to our own requirements, are available for disposal ex-stock at Pakistan Steel Store, Bin Qasim, at reasonable prices.
Should you desire to purchase any of the aforesaid items for your organization, please contact
MR. MUHAMMAD MOQUIT QURESHI, PEO. (TS),
2nd Floor, Operations Building,
Pakistan Steel,
Bin Qasim,
Karachi,
Phone # 4750903
Fax # 4750365,
Telex. 27624 PK & 27625 PK,
E-mail : ts@paksteel.com.pk
for necessary inspection and coordination.
Disposal of items will be on “1st come 1st served” basis.
A large inventory of Ball, Thrust, Roller, Cylindrical, Taper, Flexible, Needle & Spherical brand new, greased and packed bearings ranging from 12.6 mm internal diameter to 530 mm internal diameter, being excess to our own requirements, are available for disposal ex-stock at Pakistan Steel Store, Bin Qasim, at reasonable prices.
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