Pakistan Steel Operates at 3% Capacity, Looks for Another Government Bailout
JOHANNESBURG--November 13, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Pakistan Steel Mills (PSM), the country's largest industrial complex, is in a state of crisis. The mill has accumulated massive losses over the last five years and is operating at a derisory 3% of capacity, which is the lowest capacity utilization in 31 years.
