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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,540 25 apr 2024 17:35
  • -0,100 (-0,42%) Dagrange 23,170 - 23,690
  • 2.802.569 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 879 880 881 882 883 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 30 oktober 2018 17:16
    US steel industry submits comments on Vehicle Fuel Economy Proposal

    Mr Thomas J Gibson, president and CEO of the American Iron and Steel Institute filed comments with the Environmental Protection Agency and the National Highway Traffic Safety Administration on the Safer Affordable Fuel-Efficient Vehicles Proposed Rule for Model Years 2021-2026. The Institute’s comments support the general direction of the new proposal, which would establish a standard that balances the priorities of affordability, safety, jobs, and the environment. Mr Gibson said that “We believe that steel will continue to be a critical component for automakers to meet the final requirements. We are strong advocates for one national program of standards, as we believe this is best for automakers, the automotive supply chain including the steel industry, in addition to consumers and the economy as a whole.”

    Mr Gibson said that “We believe that an overly stringent standard that optimizes tailpipe-only GHG emissions and fuel economy enhancements to the exclusion of other necessary and important design factors, would result in a host of negative outcomes like increased costs to consumers and negative effects on the environment, increased safety design challenges and negative job impact, also referencing a recent peer-reviewed study conducted by the Steel Recycling Institute, Life Cycle Greenhouse Gas Study of Automotive Lightweighting.”

    Mr Gibson expressed concern about any outcomes that could force automakers into choosing alternative materials that are more costly and have the potential to result in higher overall GHG emissions compared to lightweighting with advanced high-strength steel. He added that “Since 1970, the steel industry has developed more than 200 innovative new grades of steel, many in collaboration with automakers and specifically for the purposes of achieving new vehicle designs that meet regulatory requirements. Material selection is important in helping automakers achieve their performance goals ranging from the driver’s experience to passenger safety to overall durability. These choices must all be balanced to meet the needs of the consumer at an affordable cost while protecting the environment.”

    Source : Strategic Research Institute
  2. forum rang 10 voda 30 oktober 2018 17:16
    Tata Steel announced as an official partner of the Hockey Men’s World Cup

    Indian multinational steel-making giant Tata Steel was announced as an Official Partner for the prestigious Odisha Hockey Men’s World Cup Bhubaneswar 2018 which is scheduled to be held from November 28 – December 16, 2018 at the Kalinga Hockey Stadium in the capital city of Odisha. Tata Steel, the 10th-largest steel producer in the world, signed the agreement with the quadrennial event to continue their efforts of promoting development through sports throughout the country.

    Ms. Elena Norman, CEO, Hockey India, expressed her delight at welcoming Tata Steel as an Official Partner for the Odisha Hockey Men’s World Cup Bhubaneswar 2018, “We are thrilled to announce Tata Steel as an Official Partner for the prestigious Odisha Hockey Men’s World Cup Bhubaneswar 2018. It is an important tournament for everyone involved with the sport of hockey, and we are delighted to have the support of the steel-making giant. I would like to thank Tata Steel for associating with the Odisha Hockey Men’s World Cup Bhubaneswar 2018 and I hope that they continue to support Indian hockey in the future as well.”

    The Odisha Hockey Men’s World Cup Bhubaneswar 2018 is the 14th edition of the FIH Hockey Men’s World Cup and will be the third time that India will be hosting the prestigious competition after having played hosts in 1982 in Bombay and in 2010 in New Delhi. A total of sixteen nations will take part in the tournament which will see each team play three matches during the league stage over the span of twelve days before four cross-over matches take place on 10th and 11th December, 2018. The knockout matches will take place on 12th, 13th, 15th and 16th as the teams will look to become the Champions of the prestigious quadrennial event which was won by Australia in 2014.

    Source : Strategic Research Institute
  3. forum rang 10 voda 30 oktober 2018 17:17
    JSPL seeks Odisha government intervention in coal shortage and rising iron ore prices

    Odisha TV reported that Jindal Steel and Power Ltd chairman Mr Naveen Jindal once again knocked the doors of Odisha Government seeking intervention in shortage of coal and steep increase in prices of iron-ore which is directly affecting the operations of his company in the State. Mr Jindal after the meeting said that “There are a lot of challenges in availability of coal. India has the fifth largest reserves of non-coking coal in the world. Despite this, there is shortage of coal and Mahanadi Coalfields Ltd (MCL) needs to increase its production. Since India does not have any captive coal blocks and is dependent on Coal India and its subsidiaries, they must ensure coal is available in abundance.”

    He added that similarly, iron ore is also available in abundance in the country but its prices have more than doubled. The state government must resume mining.

    Mr Jindal met Odisha Chief Secretary, Aditya Prasad Padhi at the State Secretariat in Bhubaneswar in this regard. Mr Jindal apprised Padhi about the challenges faced by the company due to shortage of coal and increase in prices of iron ore in the past three years.

    Source : Odisha TV
  4. forum rang 10 voda 30 oktober 2018 17:17
    SC seeks response from Vedanta on Renaissance Steel’s appeal

    Financial Express reported that the Supreme Court on Monday sought response from Vedanta, State Bank of India and others on Renaissance Steel India’s appeal alleging that the Anil Agarwal-led company is ineligible to bid for the takeover of bankrupt Electrosteel Steel India, as its affiliates in Zambia has been found guilty of criminal misconduct punishable with two or more years in jail. Renaissance Steel is contesting INR 5,320-crore resolution plan by the Vedanta group for Electrosteel, which has been approved by the Kolkata bench of the NCLT as well as the National Company Law Appellate Tribunal. A Bench led by Justice RF Nariman sought response from Vedanta, resolution professional Dhaivat Anjaria, SBI and Electrosteel after Renaissance told the apex court that the NCLAT erroneously upheld the NCLT’s April 17 order that had allowed Vedanta to make an upfront payment of INR 5,320 crore to lenders for its proposed acquisition of Electrosteel Steel India.

    Renaissance has questioned the eligibility of Vedanta to bid for takeover of Electrosteel on the grounds that Zambia-based Konkola Copper Mines (KCM), which is a “connected person” of the former, was found guilty under the Zambian Environment Protection and Pollution Control Act 1990.

    According to Renaissance, the Zambian Act fulfils the disqualification requirements of Section 29(d) of the IBC which provides that a person will be disqualified if its related party is not eligible due to any conviction. Since KCM had been convicted for an offence under the Zambian law, punishable with imprisonment for two years or more, Vedanta also stands disqualified under the IBC to submit a resolution plan for Electrosteel. It said “However, despite such disqualification, the company’s resolution plan was accepted by the resolution professional and approved by the committee of creditors of Electrosteel and thereafter approved by NCLT on April 17.”

    It further said the appellate tribunal, despite accepting that KCM is a related party of Vedanta, allowed the latter to submit the resolution plan on the ground that the ineligibility is attracted only by a natural person.

    Renaissance alleged that Vedanta and KCM are habitual offenders and have committed various acts of human rights and environmental violations including Vedanta’s copper smelting plant in Tuticorin which is mired in controversy due to gas leaks and bad effluent management, thus causing severe health problems to residents in the area. It also pointed out to large scale violations by Vedanta Alumina refinery at Lanjigarh in Orissa.

    Vedanta has offered to pay INR 5,320 crore upfront to the lenders of the bankrupt steelmaker. In addition, it would offer financial creditors 7.5% equity in lieu of their debt, taking the total offer to INR 6,148 crore. RSIPL had offered INR 3,000 crore as an upfront payment and another INR 4,404 crore payment at the end of the fifth year.

    Source : Financial Express
  5. forum rang 10 voda 30 oktober 2018 17:18
    Trump Trade War - Russia to file 2nd arbitration request in WTO

    Sputnik reported that Russia’s the Ministry of Economic Development said that Russia will refile in November its request for the establishment of an arbitration panel in the World Trade Organization (WTO) in a dispute with the United States over additional duties on steel and aluminum as Washington has blocked the previous request. The ministry said "As we expected, the United States blocked today the establishment of an arbitration panel to consider the dispute over tariffs on steel and aluminum. Russia will refile the request for the establishment of an arbitration group in November. This way, the group will be established automatically, as the United States will not have the right to block this decision again.”

    Formal consultations between Russia and the United States in the framework of the dispute, which were held on August 30, were unsuccessful. Moscow filed the first request with WTO on October 18.

    According to the WTO dispute resolution procedure, the establishment of a panel is requested after the stage of formal consultations, if the parties do not find a mutually acceptable way to resolve the dispute without consideration by the arbitrators.

    Source : Sputnik
  6. forum rang 10 voda 30 oktober 2018 17:18
    Jiangsu Shagang to stop 9 blast furnaces in November - Report

    Reuters reported that China’s Jiangsu Shagang Group, the country’s biggest private-owned steel mill, said it will halt operations at five blast furnaces with total annual capacity of 3.07 million tonnes, between Nov.1 and Nov.15. Yonggang Group, a subsidiary of Shagang Group, will shut down four of its blast furnaces with total annual capacity of 2.84 million tonnes and two steel-making plants in November. The closure will happen around the time when China International Imports Expo will be held between Nov.5 and Nov. 10 in Shanghai

    Analysts expect the operation halt at two steel mills to reduce pig iron output of 290,000 tonnes and steel products output of about 160,000 tonnes.

    Source : Reuters
  7. forum rang 10 voda 30 oktober 2018 17:20
    AISI update on Raw Steel Production in US in Week 43

    In the week ending on October 27, 2018, domestic raw steel production was 1,898,000 net tons while the capability utilization rate was 81.0 percent. Production was 1,705,000 net tons in the week ending October 27, 2017 while the capability utilization then was 73.2 percent. The current week production represents an 11.3 percent increase from the same period in the previous year. Production for the week ending October 27, 2018 is up 1.2 percent from the previous week ending October 20, 2018 when production was 1,875,000 net tons and the rate of capability utilization was 80.0 percent.

    Adjusted year-to-date production through October 27, 2018 was 77,974,000 net tons, at a capability utilization rate of 77.7 percent. That is up 5.0 percent from the 74,247,000 net tons during the same period last year, when the capability utilization rate was 74.3 percent.

    Broken down by districts, here's production for the week ending October 27, 2018 in thousands of net tons: North East: 217; Great Lakes: 698; Midwest: 202; Southern: 697 and Western: 84 for a total of 1898.

    Source : Strategic Research Institute
  8. forum rang 10 voda 30 oktober 2018 19:17
    Trump Trade War - Stirs up a swarm of WTO litigation

    Reuters reported that the United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over US metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada. US Ambassador Dennis Shea said he was not surprised by China’s opposition, since it had massive overcapacity in metals production and was a non-market economy, but that Washington was deeply disappointed with the EU’s stance. He said “We would encourage the European countries to consider carefully their broader economic, political, and security interests. We will not allow China’s party-state to fatally undermine the US steel and aluminium industries, on which the US military and by extension global security, rely.”

    The US tariffs attracted an unprecedented seven requests for WTO adjudication, as well as a slew of criticism, at a fractious WTO dispute settlement meeting, while the United States hit back with legal actions against its critics.

    China’s representative responded by saying the United States was shifting its arguments to disguise its protectionism. Canada and Mexico have also challenged the tariffs. Norway, Russia and Turkey also asked the WTO to judge the legality of the US tariffs, despite Washington’s assertion that they are based on national security and therefore outside WTO jurisdiction.

    Source : Reuters
  9. forum rang 10 voda 30 oktober 2018 19:18
    JISF worried about signs of slowing China economy

    Reuters reported that the head of the Japanese steel industry group said on Monday that he is worried about signs of a slowing Chinese economy. Japan Iron and Steel Federation Chairman Koji Kakigi told a news conference “The US China trade spat still has limited impact on Japanese steelmakers’ business, but we are concerned about signs of a weakening economy in China.”

    Mr Kakigi, who is also president of JFE Steel, a unit of JFE Holdings, said that there are signs of slowing automobile production in China although demand for Japanese automobiles there remained solid.

    Source : Reuters
  10. forum rang 10 voda 30 oktober 2018 19:19
    Ruias may go to court on offer for Essar Steel by ArcelorMittal - Report

    Financial Express, citing , persons close to the Ruias, reported that Ruias, who have offered to pay INR 54,389 crore to clear their dues to the lenders of Essar Steel, are likely to challenge the resolution plan submitted by ArcelorMittal and that an intervention petition may be filed with the National Company Law Tribunal (NCLT). The persons said the Ruias would, in all probability, file an objection with the tribunal latest by Tuesday to intervene and object against the resolution professional’s submission of the ArcelorMittal resolution plan for the NCLT’s approval.

    The persons said they were yet to hear from the CoC on the offer submitted by the Ruias to them last week. Last week, the Ruias offered an upfront cash payment of INR 47,507 crore to all creditors, including payment of INR 45,559 crore to the senior secured financial creditors under Section 12A of the Insolvency and Bankruptcy Code (IBC) introduced in 2018 by way of an amendment.

    The clause allows withdrawal of insolvency proceedings subject to approval by 90% of the creditors and NCLT.

    Late last week, the committee of creditors (CoC) accepted an offer by ArcelorMittal which was subsequently submitted by the resolution professional for Essar Steel to NCLT for approval.

    ArcelorMittal’s resolution plan for Essar Steel also faces another legal hurdle in the form of a caveat petition filed by Standard Chartered Bank in the ongoing insolvency case in its role as a dissenting financial creditor. The caveat, filed on Friday, according to media reports will ensure that no decision is passed on the resolution plan until Standard Chartered is heard by the tribunal. Various senior bankers had indicated to FE that Standard Chartered had voted against the Arcelor Mittal resolution plan last week.

    Source : Financial Express
  11. forum rang 10 voda 30 oktober 2018 19:20
    Latin America crude steel production in 9M up by 3pct YoY

    Latin American steel association Alacero announced that between January-September 2018, crude steel production in Latin America registered a volume of 49.3 million tonnes, 3% higher than that registered in the same period of 2017 (47.8 million tonnes). Brazil is the main producer with 53% of the regional total (26.1 million tonnes), increasing 2% versus January-September 2017. In September 2018, the produced volume of crude steel registered 5.6 million tonnes, 3% higher than the same month of 2017 and 4% lower than August 2018.

    For its part, the finished steel production was 41.0 million tonnes, 4% more than in January-September 2017. The main producers are Brazil with 17.5 million tonnes (43% of the Latin American total) and Mexico with 14.7 million tonnes (36%). Of the Latin American total production between January-September 2018, 48% corresponds to flat products (19.7 million tonnes), 49% to long products (19.9 million tonnes) and 3% to seamless tubes (1.3 million tonnes). In September 2018, the finished steel production closed at 4.6 million tonnes, 5% higher than September 2017 and 5% more than August 2018.

    Between January and August 2018, the consumption of finished steel registered 45.1 million tonnes, the same result as in January-August 2017 (45.1 million tonnes). The main countries that increased their consumption, both in absolute terms and in percentage terms, were Brazil (1.2 million tonnes additional and growing 9%), Argentina (247 thousand additional tons and 8%) and Uruguay (143 thousand tons and 12%). Contrary, in the same period Mexico, Peru and Venezuela registered drops of 5%, 20% and 62% respectively.

    Of the Latin American total, 57% corresponds to flat products (25.5 million tonnes), 42% to long products (18.9 million tonnes) and 1% to seamless tubes (629 thousand tons).

    Source : Strategic Research Institute
  12. forum rang 10 voda 30 oktober 2018 19:21
    GMS Market Commentary on Shipbreaking in China in Week 43 - BELOW 3,000 LDT!

    With a quota to take in less than 3,000 LDT of ship scrap for the rest of the year and prices struggling in the low-to-mid USD 100s/LDT (from the one open yard having a license to take tonnage), ship recycling is slowly grinding to a halt in China.

    Starting January 2019, international tonnage will not be permitted for scrap into China although Chinese flagged tonnage will still be recycled locally, albeit at much lower levels without the benefit of the state subsidies.

    As such, for yet another week, there is little to note and little to get excited about the Chinese ship recycling sector.

    Source : Strategic Research Institute
  13. forum rang 10 voda 30 oktober 2018 20:16
    Rio Tinto update on Simandou

    The non-binding heads of agreement, originally signed on 28 October 2016, for Chinalco to acquire Rio Tinto's entire interest in the Simandou iron ore project in Guinea has lapsed. Rio Tinto and Chinalco, who respectively own 45.05 per cent and 39.95 per cent of Simandou, will continue to work with the Government of Guinea to explore other options to realise value from the world-class Simandou iron ore deposit.

    The Government of Guinea owns a 15 per cent stake in the project.

    Source : Strategic Research Institute
  14. forum rang 10 voda 30 oktober 2018 20:33
    GMS Market Commentary on Shipbreaking in India in Week 43 - LC’S LANGUISHING!

    India has been limited to a diet of strictly green vessels of late, having been unable to compete on much of the market tonnage (even on containers) sold recently. LC problems and discounting banks are fast becoming a challenging issue in Alang and several deals are reportedly encountering difficulties / falling through as a result of these tougher banking & compliance issues.

    As a result, it was not surprising to see no market deals concluded into India for another week. Adding to the lack of fixtures has been local sentiments, which remain shaky in light of the extremely volatile local steel plate price (that declined to the tune of about USD 15/Ton this week again) and the dire situation on the Indian Rupee, which is presently trading at historic lows in the mid INR 73s.

    This is certainly a challenging time for Alang Buyers when Pakistani Buyers are gunning for any available dry unit and Bangladeshi levels are considerably higher and far more competitive on wet tonnage.

    Source : GMS Weekly
  15. forum rang 10 voda 30 oktober 2018 20:37
    Iran steel output grows by 20% in nine months

    MNA reported that data released by World Steel Association shows that Iranian steelmakers produced a total of 18.52 million tons of steel in the first nine months of 2018. The figure indicates a 20% increase compared with last year’s corresponding period, when the country’s steel output stood at 15.431 million tonnes. Production of iron ore and coal concentrate also observed an increase during the period. Iranian steel mills produced 2 million tonnes of crude steel in September, registering a 4.3% growth year on year.

    According to the report, all the 64 steelmaking countries produced a total of 1.34 billion tonnes of crude steel in the past nine months, which was 7.4% above the last year’s production during the similar period. Standing after Brazil with 26.09 million tonnes, Iran has been ranked the 10th largest steel producer in the period.

    During the past years, Iran has been highly active in the foreign steel markets, especially in the neighboring states. The country exported 998,000 tonnes of steel worth more than USD 546 million to Iraq and Afghanistan the first five months of the current fiscal (March 21-Aug. 22). The figure demonstrates a 95% and 136% growth in volume and value, respectively, compared to the corresponding period last year.

    Iran envisages to reach an annual production of 55 million tons of crude steel and 20-25 million tonnes of exports per year by 2025.

    Source : Mehr News Agency
  16. forum rang 10 voda 30 oktober 2018 20:38
    GMS Market Commentary on Shipbreaking in Turkey in Week 43 - STEADY, YET STRUGGLING!

    The Turkish market appears to be going through a unique struggle at present. Not only is the Turkish Lira displaying a degree of stability (fluctuating between TRY 5.5X – TRY 5.8X against the U.S. Dollar), local steel plate prices have also firmed up marginally this week.

    On the back of improving fundamentals, local expectation is that prices should improve in the coming week. Yet, sale and purchase activity over the last several weeks has been minimal.

    A key part of the problem for Turkish Buyers is the massive price gap with the Indian subcontinent markets, in addition to the diminutive number of prospective units being proposed for sale, which has left local Buyers feeling frustrated.

    A majority of the market units being proposed are offshore units intended for green recycling, which many local Buyers have little interest in for various reasons (financing, beam restrictions etc.), whilst owners of most (if not all) medium-to-large LDT units are being distracted by the considerably stronger offerings from India / Pakistan.

    As such, Aliaga Buyers continue to struggle with fixtures despite the market gradually and regularly making a comeback towards pre-crash levels.

    Source : Strategic Research Institute
  17. forum rang 10 voda 31 oktober 2018 16:16
    Beursblik: meer winst verwacht bij ArcelorMittal

    (ABM FN-Dow Jones) ArcelorMittal zal in het derde kwartaal van 2018 vermoedelijk meer winst boeken dan een jaar eerder. Dit blijkt uit een analiastenconsensus die de staalreus zelf publiceerde.

    Gemiddeld rekenen de 20 analisten die bijdroegen aan de consensus op een winst voor aftrek van rente, belastingen, afschrijvingen en amortisatie van goodwill (EBITDA) van 2.750 miljoen dollar.

    In het derde kwartaal van 2017 kwam de EBITDA uit op 1.924 miljoen dollar en in het tweede kwartaal van 2018 was dit 3.073 miljoen dollar.

    Bij de halfjaarresultaten noemde CEO Lakshmi Mittal de vooruitzichten voor de tweede jaarhelft "bemoedigend". De topman sprak begin augustus van aanhoudende gunstige marktomstandigheden.

    Verder zal de markt ook letten op uitspraken van ArcelorMittal inzake verschillende overnamedossiers. De staalreus wil het Indiase Essar Steel inlijven en werkt ook aan de overname van het Italiaanse Ilva.

    ArcelorMittal opent donderdag voorbeurs de boeken over het derde kwartaal.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999

    © Copyright ABM Financial News B.V. All rights reserved
  18. forum rang 10 voda 31 oktober 2018 16:32
    Beursblik: geen heel grote verrassingen bij Aperam

    (ABM FN-Dow Jones) De kwartaalcijfers van Aperam waren grofweg in lijn met de verwachtingen. Dit stelden analisten van ABN AMRO.

    De EBITDA lag met 123 miljoen euro, 1 miljoen euro boven de consensus. Wel betekende dit een daling ten opzichte van de 150 miljoen euro in het tweede kwartaal, maar Aperam had vanwege de zomer ook gewaarschuwd voor een daling.

    Aperam verscheepte 467.000 ton staal, in vergelijking tot 508.000 ton in het voorgaande kwartaal. Hier lag de analistenverwachting op 470.000 ton.

    Aperam zei te verwachten dat de EBITDA op kwartaalbasis zal dalen in de laatste drie maanden van 2018. ABN AMRO wees erop dat analisten gemiddeld rekenen op 129 miljoen euro, ofwel een kleine stijging. Uitgaande van de toelichting door Aperam denkt ABN AMRO dat de consensus zal dalen naar ongeveer 90 miljoen euro.

    Maar daar staat volgens ABN AMRO tegenover dat Aperam vol vertrouwen is dat in dit lopende kwartaal de bodem is bereikt voor de hoge importniveaus en de basisprijzen. Dat betekent dat de winsten vanaf nu zouden moeten herstellen, aldus de bank.

    ABN AMRO heeft een Houden advies op Aperam.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999

    © Copyright ABM Financial News B.V. All rights reserved
  19. forum rang 10 voda 31 oktober 2018 16:51
    'Verwachting voor resultaat Aperam negatief'

    Gepubliceerd op 31 okt 2018 om 10:00 | Views: 1.267

    Aperam 16:34
    30,32 +0,23 (+0,76%)

    AMSTERDAM (AFN) - De verwachting van roestvrijstaalbedrijf Aperam dat het bedrijfsresultaat in het vierde kwartaal lager zal uitvallen dan in het voorgaande kwartaal is een negatief punt bij de cijferpresentatie. Dat meldde ING. Het aandeel Aperam ging woensdag omlaag op de Amsterdamse beurs.

    ING wijst op een analistentoelichting van Aperam. Volgens de bank zou het resultaat in het vierde kwartaal kunnen dalen naar 86 miljoen euro, terwijl de consensus momenteel nog ligt op 130 miljoen euro. Het resultaat van 123 miljoen euro in het derde kwartaal komt redelijk overeen met de verwachtingen.

    Aperam heeft te maken met uitdagende marktomstandigheden, door de handelsspanningen, de hoge import van roestvrij staal uit China, gecombineerd met lagere grondstoffenprijzen. Dit zet de verkoopprijzen onder druk. Het bedrijf gaf aan te verwachten dat de Europese Commissie spoedig met definitieve stappen zal komen om de Europese markt te beschermen.

    ING handhaaft zijn hold-advies voor Aperam, met een koersdoel van 50 euro. Het aandeel noteerde woensdag omstreeks 09.50 uur 1,7 procent lager op 29,57 euro. Daarmee was het de grootste daler in de MidKap.
  20. forum rang 10 voda 31 oktober 2018 17:01
    Pakistan will not privatize Pakistan Steel Mill

    The Dawn reported that in its first meeting under the PTI-led government, the Board of Privatisation Commission on Tuesday decided to slash the list of entities on the privatization agenda, including Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM), set by the previous government. The final list of 34 public sector entities would be presented to the Cabinet Committee on Privatisation (CCOP) on Wednesday (today).

    According to sources, the government has decided to exclude PIA, PSM, Pakistan Railways and power distribution companies from the privatisation agenda.

    The government will begin the privatisation programme with small entities including small and medium enterprises (SMEs), First Women Bank and National Insurance Company.

    Source : Dawn
35.173 Posts
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