KARACHI: The main units of Pakistan Steel Mills (PSM) have been shut down due to continuous low gas pressure supplied by the Sui Southern Gas Company (SSGC).
According to the PSM spokesperson, the low gas pressure is also posing grave damage to the complex plant machinery. He said that the SSGC has reduced the gas pressure to 0.8 -1.0 kilogram cubic meters² (kg cm2) against the agreement of 5kg cm², putting the production at zero level. “This situation exists from June 10, due to which only few production units are put on pre-heat and others have been shut down, which is a crisis like situation,” he added.
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He said PSM has a principal amount of only Rs 18 billion payable to SSGC, and Rs 17 billion is late payment surcharge.
