KARACHI: After the continuous low gas pressure, the production capacity of Pakistan Steel Mills has reached zero level.
PSM spokesman said that It is strange when a closed plant has been brought from zero production in April, 2014 with government bailout package to an average of 30pc (CAPU) production in last 6 to 8 months, and reaching as high as 65pc production (CAPU) in March, 2015 when again the gas pressure reduction scuttled the momentum.
He added that the same happened in January, 2015 when 50pc production was achieved and gas pressure was reduced and production was affected.
It is pertinent to mention here that during March and April 2015 when the production was at its peak the gas pressure was suddenly reduced bringing production from 65pc CAPU to a very low level.
He said that the gas pressure being used as a ‘tool’ to prevent Pakistan Steel achieve higher production capacity targets and is it for helping importers to flood Pakistani market with imported steel and deprive Pakistan of this asset of great technological value essential to make Pakistan strong and prosperous especially when its quality products will be required in Pak-China Economic Corridor projects.
