Pak China Steel has commenced operation with an investment of US$12 million. It is the first private blast furnace and manufacturing plant of pig iron in Pakistan. Jianbang Group of China and Pakistani Consortium have installed the first ever pig iron plant at Port Qasim Karachi under a joint venture to produce pig iron for the local industry. Currently pig iron is being imported from other countries due to closure of Pakistan Steel Mills. A coal-fired blast furnace of 60 cubic meters has been installed which is producing 4,000 to 5,000 metric ton pig iron per month. This would be gradually increased to 8,000 tons. The company also aims to install billet plant in future. This steel mill utilizes the indigenous iron ore and limestone extracted from the mines of Balochistan while metallurgical coke is being imported from China.
Singapore based company Leon Overseas has established a laboratory of international standards at a cost $0.3 million to enable the Pak China Steel to check the quality of the products efficiency within 24 hours. In addition, comprehensive tests are being conducted to ensure world class quality of pig iron. The project has provided employment opportunities to 200 locals while some 60 Chinese nationals are providing technical support to run the plant. This project would strengthen Pakistan-China friendship, and increase employment opportunities for Pakistani citizens
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