Tuwairqi Steel Mills

Tuwairqi Steel Mills Limited
Steel producers
Traded as TSML (KSE BRIndex30)
Industry Steel mill
Headquarters Karachi, Pakistan
Area served
 Nationwide
Key people
 Hilal H. Al-Tuwairqi
(Chairman)
Zaigham Adil Rizvi
(Project Director)
Zaigham Adil Rizvi
Young-Ho Yoo
(Resident Director)

The Tuwairqi Steel Mills Limited (TSML), is a vertically integrated multinational Steel mill, based in Karachi, Sindh, Pakistan.[1][2]

An environmentally friendly and established by a private sector, the steel mill is co-financed by the Al-Tuwairqi Holdings (Saudi Arabia), POSCO (South Korea) [3][4][5] and the Arif Habib Group owners of downstream facility Aisha Steel Mills (Pakistan), and currently aiming to compete against the Pakistan Steel Mills (PSM) at the Karachi Stock Exchange (KSE) indexes. The steel mills is well expanded over an area of 220 acres (0.89 km2) at Bin Qasim, Karachi and employs the world's most advanced DRI (Direct Reduction of Iron) technology of the MIDREX process owned by Kobe Steel of Japan.

Pakistan refused to supply the gas to the company and Saudi Arabia decided to provide the gas to the company on cheaper rate. The Tuwarqi Management warned to disassemble and shift the plant to Saudi Arabia.[6][7][8] The Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmad Vohra requested Federal Minister Ishaq Dar to resolve the issue of gas supply to the TSML.[9]

Capacity

Its production capacity is 1.28 million tons of steel per annum.[10]

See also

References

  1. ↑ Tuwairqi Steel Mills Limited
  2. ↑ "Tag Archives: tuwairqi steel mills". The News Tribe. Retrieved 12 May 2016.
  3. ↑ "Tuwairqi Steel to lay off 1,000 workers". DAWN. January 29, 2015. Retrieved 12 May 2016.
  4. ↑ Shahab Nafees (September 14, 2014). "Tuwairqi Steel offers 7pc equity to govt". Dawn. Retrieved 12 May 2016.
  5. ↑ http://www.thenewstribe.com/2013/09/28/tuwairqi-steel-mills-an-industrial-icon-strengthening-the-bond-between-south-korea-and-pakistan/
  6. ↑ Zafar Bhutta (January 24, 2015). "Shifting operations: Saudi Arabia offers cheaper gas to Tuwairqi Steel". The Express Tribune. Retrieved 12 May 2016.
  7. ↑ Zafar Bhutta (November 27, 2014). "Tuwairqi Steel warns: If gas doesn't come cheap, company will pack up". The Express Tribune. Retrieved 12 May 2016.
  8. ↑ "Gas supply row: Al Tuwairqi plans to shift steel plant to Saudi Arabia". The Express Tribune. January 15, 2015. Retrieved 12 May 2016.
  9. ↑ Monitoring Report (December 5, 2014). "KCCI seeks power supply to TSML at Rs123 per MMBTU". Customs Today (newspaper). Retrieved 12 May 2016.
  10. ↑ Hussain Ahmad Siddiqui. "Nervousness-of-steel". The News. Retrieved 12 May 2016.


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