27/07/2008
|
PSM may take a 24hr break as coke stocks run low
|
Monitoring Desk
KARACHI: Pakistan Steel Mills (PSM)'s reserves of coke vital for the production of steel are on the brink of exhaustion today that has bolstered the fears that steel production might be halted.
According to PSM sources, steel production process in such a situation might have to be stopped for 24 hours. PSM General Manager (BMR), Wasay Mahmood told private television news channel that the existing stock of coke with PSM was sufficient for four days, while one ship carrying 40,000 tonnes of coke would take berth at Port Qasim on Monday (Tomorrow). He said that in such a situation steel production would not be affected.
Sources said that if the arrival of the ship gets delayed, then the blast furnace of PSM would have to be closed for a longer period. PSM usually holds raw materials' reserves for three months, but the failure of the floating of import tender in time triggered coke shortage.
|
|