Pakistan's largest private steel plant ready for production

[farhan_9909]

LAHORE: Pakistan's largest steel producing mill in the private sector, Tuwairqi Steel Mills Limited, is ready for commercial production in the first week of January 2013.

It will cater not only steel needs of the country but also export value-added products to other countries.

The setting up of the mega project would entice foreign investors in the country.

The mega project of over $350 million is mainly sponsored by Saudi Arabian-based Al Tuwairqi company (ISPC) and Posco of South Korea.

These views were expressed by TSML Director Project Zaigham Adil Rizvi at a seminar held at a local hotel on Monday. He was flanked by chief guest Engineering Development Board CEO Qazi Abdadullah.

EPZA Chairman Saadat Cheema, POSCO Resident Director Young-Ho Yoo, Punjab Health Minister Khawaja Sulman Rafique, Nespak Vice President Iftikhar Qazi, Banu Mukhtar CEO SM Assad, Izhaar Group CEO Marghoub, Shajarpak MD Khawaja Usman, Midrex Commissioning Managers Paul Jaimungal Singh, Waddington Stawrt Godfrey and MMTE Plant Manager Masoud Darvishi also speak on the occasion.

Posco-South Korean steel giant - has invested $16 million to keep the mega project going. Khawaja Usman of Shajarpak said, "If we can become atomic power why not a steel giant".

He said that currently Pakistan was depending on imports for the production of heavy mechanical structures and engineering goods but after producing high-quality steel at the TSML plant, Pakistan would be able to manufacture heavy equipment locally.

Copyright APP (Associated Press of Pakistan), 2012
Pakistan's largest private steel plant ready for production

 

[sob]

What is the capacity of the steel plant and where will they be sourcing the iron ore from?

Also looking at the power situation, is there plans for a captive power plant also.

 

[Blackwater]

LAHORE: Pakistan's largest steel producing mill in the private sector, Tuwairqi Steel Mills Limited, is ready for commercial production in the first week of January 2013.

It will cater not only steel needs of the country but also export value-added products to other countries.

The setting up of the mega project would entice foreign investors in the country.

The mega project of over $350 million is mainly sponsored by Saudi Arabian-based Al Tuwairqi company (ISPC) and Posco of South Korea.

These views were expressed by TSML Director Project Zaigham Adil Rizvi at a seminar held at a local hotel on Monday. He was flanked by chief guest Engineering Development Board CEO Qazi Abdadullah.

EPZA Chairman Saadat Cheema, POSCO Resident Director Young-Ho Yoo, Punjab Health Minister Khawaja Sulman Rafique, Nespak Vice President Iftikhar Qazi, Banu Mukhtar CEO SM Assad, Izhaar Group CEO Marghoub, Shajarpak MD Khawaja Usman, Midrex Commissioning Managers Paul Jaimungal Singh, Waddington Stawrt Godfrey and MMTE Plant Manager Masoud Darvishi also speak on the occasion.

Posco-South Korean steel giant - has invested $16 million to keep the mega project going. Khawaja Usman of Shajarpak said, "If we can become atomic power why not a steel giant".

He said that currently Pakistan was depending on imports for the production of heavy mechanical structures and engineering goods but after producing high-quality steel at the TSML plant, Pakistan would be able to manufacture heavy equipment locally.

Copyright APP (Associated Press of Pakistan), 2012
Pakistan's largest private steel plant ready for production

kabhi kuch to apne aap kar liya karo

 

[farhan_9909]

What is the capacity of the steel plant and where will they be sourcing the iron ore from?

Also looking at the power situation, is there plans for a captive power plant also.

http://pullquotesandexcerpts.files.wordpress.com/2012/12/1-5m.jpg?w=625

New steel plant to start production from January – The Express Tribune

Raw Material
TSML will utilize about 1.9 million tons of iron oxide pellets and calibrated lump ore per annum. It will require 40 million cubic feet (MMCF) of natural gas per day for consumption in the DRI plant. The Electric Arc Furnace will utilize 80 percent of DRI and 20 percent of scrap as raw material. However, it may use 100 percent of DRI as raw material, if required.

TSML is keenly interested in the utilization of indigenous iron ore and expects to initially obtain about 0.75 million tons per annum of iron ore from Balochistan area. TSML has already signed a Memorandum of Understanding (MoU) with Pakistan Petroleum Limited (PPL) / Bolan Mining Enterprises (BME) for the supply of iron ore to the tune of 0.75 million tons per annum and working closely with PPL/BME to move forward in the project.

Tuwairqi Steel Mills Limited

In the first phase, TSML will meet the power requirement through its own resources by setting up a 38 megawatt (MW) combined cycle power plant. However, in the second phase, 180 MW of power will be required which TSML plans to obtain from Water and Power Development Authority (WAPDA) / National Transmission & Despatch Company (NTDC). For this purpose, TSML - at its own cost - will install a 70 km 220 KVA double circuit transmission line form Hubco – Baldia link to TSML complex at Bin Qasim. The transmission line will have the capacity to take up to 300 MW of load.

Tuwairqi Steel Mills Limited

Give a look to the Salient Features as well

Tuwairqi Steel Mills Limited

 

[Virendra]

Good to see a non-Chinese venture in Pakistan. How much employment is it expected to generate and what part would consist of the local Baloch?
I'm guessing that the Iron ore supply from Baluchistan that they mentioned, won't be a cake walk. Because lack of ore is one of the reasons that the 'Pakistan Steels' is almost shut down.
Not sure what new trick the TSML has spun.
As it says that there would be export of steel, who are the potential buyers?

Also, for Industrial power Pakistan can look into the possibility of buying it from Afghans. I hope that would be a comfortable preposition?
I'm saying because either of the Western powers or India would eventually complete hydro power projects on Afghanistani rivers.
One project is for transmission lines to and sub-station in Kabul. From there the power would be supplied to Uzbekistan.
Pakistan can draw a smiliar arrangement with Afghanistan. There is Salma Dam project in Herat as well.

Regards,
Virendra

 

[sob]

They will not be producing high grade steel as they will be using scrap as one of the raw materials. Looks like the output would be more suited for the construction industry or they will be making intermediates for exports to other steel plants

 

[farhan_9909]

Good to see a non-Chinese venture in Pakistan. How much employment is it expected to generate and what part would consist of the local Baloch?
I'm guessing that the Iron ore supply from Baluchistan that they mentioned, won't be a cake walk. Because lack of ore is one of the reasons that the 'Pakistan Steels' is almost shut down.
Not sure what new trick the TSML has spun.
As it says that there would be export of steel, who are the potential buyers?

Also, for Industrial power Pakistan can look into the possibility of buying it from Afghans. I hope that would be a comfortable preposition?
I'm saying because either of the Western powers or India would eventually complete hydro power projects on Afghanistani rivers.
One project is for transmission lines to and sub-station in Kabul. From there the power would be supplied to Uzbekistan.
Pakistan can draw a smiliar arrangement with Afghanistan. There is Salma Dam project in Herat as well.

Regards,
Virendra

BME in the past has supplied iron ore to Pakistna steel mills(source of corruption mills)

TSML must have signed deal with BMW..the above i posted is directly from TSML official site

n 2002, GoB also granted a mining lease over an area of 13,660 acres in Dilband for iron ore exploration to BME. Fine iron ore from Dilband was supplied to Pakistan Steel Mills during 2003 and 2004 under a sale/purchase agreement. But supply was discontinued when the purchase agreement was not renewed.

BME also holds two mining licenses, valid until 2026, in the northwest of Nokkundi for mining of iron ore. Considering the demand for commercial sales of iron ore products from Nokkundi, various studies were undertaken to set up a beneficiation plant.

Bolan Mining Enterprises

M/s Balochistan Mining Enterprises (BME), a joint venture organization of Balochistan Government and Pakistan Petroleum Limited, Pak Steel have signed a five year agreement for supply & use of 100,000 tons of Dilband iron ore annually.

Iron Ore Mining in Pakistan - Overview

 

[Blackwater]

what pakistan will get out of this investment.??


According to business prospective, if saudis and Korean are investing ,will they give steel to local Pakistanis public on low rates??