Pakistan Steel Mill (PSM), already grappling with financial instability, continues to face significant operational and fiscal challenges. The state-owned steel producer has been struggling to stay afloat for several years, with mounting debts, defaulted payments, and declining production levels affecting its overall performance.
Industry observers note that the mill’s difficulties have been compounded by irregular gas and electricity supplies, coupled with management inefficiencies and outdated infrastructure. Analysts warn that unless urgent measures are taken, the mill’s ongoing problems could have wider implications for the steel industry and sectors reliant on its products, including construction and manufacturing.
Government authorities have been exploring strategies to stabilize the mill, including financial restructuring, energy supply agreements, and management reforms. However, experts emphasize that addressing structural and operational inefficiencies is critical to restoring long-term sustainability.
The future of PSM remains uncertain as stakeholders seek solutions to revive the struggling steel giant.
