Pakistan is the World's Fastest Growing Steel Producer

[RiazHaq]

http://www.riazhaq.com/2018/03/pakistan-is-worlds-fastest-growing.html

Steel production in Pakistan jumped 39.3% to 5 million tons last year, according to World Steel Association. Earlier, Pakistan steel industry ramped up its output from 2.9 million tons in 2015 to 3.6 million tons in 2016.


While Pakistan's steel production growth is the world's fastest, its relatively small steel production volume of 5 million tons ranks it 28th in the world. Other nations seeing strong growth in steel production are Iran (up 21.4%), Vietnam ( 31.9%) and Egypt (35%). Iran ranks 13th with 21.7 million tons; Vietnam ranks 19th with 10.3 million tons; Egypt ranks 23rd with 6.8 million tons produced in 2017.

Some of the key names ramping up production capacity in Pakistan are Aisha Steel Mill (ASM), Amreli Steels and Agha Steel Industries.

ASM, an Arif Habib Group company, is planning to expand capacity to a total of 700,000 tons a year from its current capacity of 220,000 tons.

Amreli Steels Limited, country’s leading steelmaker has announced plans to increase its annual production capacity of reinforcement bars to 750,000 tons a year within the next two years.

The biggest drivers of sparing steel demand in Pakistan are rapidly growing large scale manufacturing and construction sectors.

Car sales shot up 23% while motorcycle sales soared by 20% in January 2018, according to industry data.

The cement sales, a good proxy for construction sector, rose 14.3% in the first 7 months of fiscal 2017-18.

Pakistan is the third fastest growing economy among the top 25 economies in terms of purchasing power parity. Pakistan's economic growth is continuing to accelerate amid rising rising investments led by China-Pakistan Economic Corridor related infrastructure and energy related projects. The IMF sees Pakistan economy growing at 5.6% while the World Bank forecasts it to grow by 5.5% in current fiscal year 2017-18 ending in June 2018, a full percentage point faster than the 4.5% average GDP growth for Emerging and Developing Economies (EMDEs) that include Argentina, Brazil, China, India, Nigeria and Russia among others. However, Pakistan economic growth continues to lag growth forecast for regional economies of India and Bangladesh. The report also calls attention to the expanding current account gap as a matter of concern that must be taken seriously by the government to avoid yet another return to the International Monetary Fund (IMF).

Related Links:

Haq's Musings

CPEC is Transforming Least Developed Parts of Pakistan

Per Capita Income in "Failed State" of Pakistan Rose 22% in 5 Years

Credit Suisse Wealth Report 2017

Pakistan Translates GDP Growth to Citizens' Well-being

Rising Motorcycle Sales in Pakistan

Depth of Deprivation in India

Chicken vs Daal in Pakistan

China Pakistan Economic Corridor

ADB Raises Pakistan GDP Growth Forecast


http://www.riazhaq.com/2018/03/pakistan-is-worlds-fastest-growing.html

 

[AUz]

Yeah “fastest growing steel producer”...these threads are embarrassing.

Pakistan sucks and there’s no two ways about it. Nothing to be ashamed off. Just put down your heads and work hard as a nation till we make it, Inshallah.

But opening threads like this for mental masturbation is just plain embarrassing. C’mon, let’s not try to copy indians now

 

[HAIDER]

I think Steel mill employees are not getting paid for few months ....

 

[Chhatrapati]

Yeah “fastest growing steel producer”...these threads are embarrassing.

Pakistan sucks and there’s no two ways about it. Nothing to be ashamed off. Just put down your heads and work hard as a nation till we make it, Inshallah.

But opening threads like this for mental masturbation is just plain embarrassing. C’mon, let’s not try to copy indians now

There is nothing in the thread that says about copying anyone.

 

[My-Analogous]

http://www.riazhaq.com/2018/03/pakistan-is-worlds-fastest-growing.html

Steel production in Pakistan jumped 39.3% to 5 million tons last year, according to World Steel Association. Earlier, Pakistan steel industry ramped up its output from 2.9 million tons in 2015 to 3.6 million tons in 2016.


While Pakistan's steel production growth is the world's fastest, its relatively small steel production volume of 5 million tons ranks it 28th in the world. Other nations seeing strong growth in steel production are Iran (up 21.4%), Vietnam ( 31.9%) and Egypt (35%). Iran ranks 13th with 21.7 million tons; Vietnam ranks 19th with 10.3 million tons; Egypt ranks 23rd with 6.8 million tons produced in 2017.

Some of the key names ramping up production capacity in Pakistan are Aisha Steel Mill (ASM), Amreli Steels and Agha Steel Industries.

ASM, an Arif Habib Group company, is planning to expand capacity to a total of 700,000 tons a year from its current capacity of 220,000 tons.

Amreli Steels Limited, country’s leading steelmaker has announced plans to increase its annual production capacity of reinforcement bars to 750,000 tons a year within the next two years.

The biggest drivers of sparing steel demand in Pakistan are rapidly growing large scale manufacturing and construction sectors.

Car sales shot up 23% while motorcycle sales soared by 20% in January 2018, according to industry data.

The cement sales, a good proxy for construction sector, rose 14.3% in the first 7 months of fiscal 2017-18.

Pakistan is the third fastest growing economy among the top 25 economies in terms of purchasing power parity. Pakistan's economic growth is continuing to accelerate amid rising rising investments led by China-Pakistan Economic Corridor related infrastructure and energy related projects. The IMF sees Pakistan economy growing at 5.6% while the World Bank forecasts it to grow by 5.5% in current fiscal year 2017-18 ending in June 2018, a full percentage point faster than the 4.5% average GDP growth for Emerging and Developing Economies (EMDEs) that include Argentina, Brazil, China, India, Nigeria and Russia among others. However, Pakistan economic growth continues to lag growth forecast for regional economies of India and Bangladesh. The report also calls attention to the expanding current account gap as a matter of concern that must be taken seriously by the government to avoid yet another return to the International Monetary Fund (IMF).

Related Links:

Haq's Musings

CPEC is Transforming Least Developed Parts of Pakistan

Per Capita Income in "Failed State" of Pakistan Rose 22% in 5 Years

Credit Suisse Wealth Report 2017

Pakistan Translates GDP Growth to Citizens' Well-being

Rising Motorcycle Sales in Pakistan

Depth of Deprivation in India

Chicken vs Daal in Pakistan

China Pakistan Economic Corridor

ADB Raises Pakistan GDP Growth Forecast


http://www.riazhaq.com/2018/03/pakistan-is-worlds-fastest-growing.html

Steel usage is good indicator of Economy and we should focus on this and more steel we utilized and more faster we grow

 

[SipahSalar]

But what became of our Steel Mill that Russia helped us set up?

 

[Hephaestus]

5 million tons last year

Hmm... that ain't much now. Is it? But, it isn't low as well. Considering the size of Pakistan. What is Pakistan's annual consumption of steel? How much ore reserves are proven in Pakistan?

Just as a reference.
SAIL - Steel Authority of India Ltd. - A public company as of 2015 had a proposed capacity of 23MTPA. Overall India is at 101 MTPA. Way behind PRC, EU & Japan though.

 

[Baghial]

But what became of our Steel Mill that Russia helped us set up?

We eat all the still . Now we are shitting boullions ..all 220 millionn population. Thats xwhy its fastest growing.... govt steel mill sitting idol.. while pvt mills milking good..

Look a littel deeper u will find out the owners of these mills r sitting in senate or assembly.....

 

[jamal18]

Yeah “fastest growing steel producer”...these threads are embarrassing.

Pakistan sucks and there’s no two ways about it. Nothing to be ashamed off. Just put down your heads and work hard as a nation till we make it, Inshallah.

But opening threads like this for mental masturbation is just plain embarrassing. C’mon, let’s not try to copy indians now

Yes. I suppose the title ' The world's 5th largest country is the world's 28th producer' doesn't quite sound as good.

 

[monitor]

http://www.riazhaq.com/2018/03/pakistan-is-worlds-fastest-growing.html

Steel production in Pakistan jumped 39.3% to 5 million tons last year, according to World Steel Association. Earlier, Pakistan steel industry ramped up its output from 2.9 million tons in 2015 to 3.6 million tons in 2016.


While Pakistan's steel production growth is the world's fastest, its relatively small steel production volume of 5 million tons ranks it 28th in the world. Other nations seeing strong growth in steel production are Iran (up 21.4%), Vietnam ( 31.9%) and Egypt (35%). Iran ranks 13th with 21.7 million tons; Vietnam ranks 19th with 10.3 million tons; Egypt ranks 23rd with 6.8 million tons produced in 2017.

Some of the key names ramping up production capacity in Pakistan are Aisha Steel Mill (ASM), Amreli Steels and Agha Steel Industries.

ASM, an Arif Habib Group company, is planning to expand capacity to a total of 700,000 tons a year from its current capacity of 220,000 tons.

Amreli Steels Limited, country’s leading steelmaker has announced plans to increase its annual production capacity of reinforcement bars to 750,000 tons a year within the next two years.

The biggest drivers of sparing steel demand in Pakistan are rapidly growing large scale manufacturing and construction sectors.

Car sales shot up 23% while motorcycle sales soared by 20% in January 2018, according to industry data.

The cement sales, a good proxy for construction sector, rose 14.3% in the first 7 months of fiscal 2017-18.

Pakistan is the third fastest growing economy among the top 25 economies in terms of purchasing power parity. Pakistan's economic growth is continuing to accelerate amid rising rising investments led by China-Pakistan Economic Corridor related infrastructure and energy related projects. The IMF sees Pakistan economy growing at 5.6% while the World Bank forecasts it to grow by 5.5% in current fiscal year 2017-18 ending in June 2018, a full percentage point faster than the 4.5% average GDP growth for Emerging and Developing Economies (EMDEs) that include Argentina, Brazil, China, India, Nigeria and Russia among others. However, Pakistan economic growth continues to lag growth forecast for regional economies of India and Bangladesh. The report also calls attention to the expanding current account gap as a matter of concern that must be taken seriously by the government to avoid yet another return to the International Monetary Fund (IMF).

Related Links:

Haq's Musings

CPEC is Transforming Least Developed Parts of Pakistan

Per Capita Income in "Failed State" of Pakistan Rose 22% in 5 Years

Credit Suisse Wealth Report 2017

Pakistan Translates GDP Growth to Citizens' Well-being

Rising Motorcycle Sales in Pakistan

Depth of Deprivation in India

Chicken vs Daal in Pakistan

China Pakistan Economic Corridor

ADB Raises Pakistan GDP Growth Forecast


http://www.riazhaq.com/2018/03/pakistan-is-worlds-fastest-growing.html

If the all CPEC infrastructure project start using Pakistani produced steel the demand can increase undoubtedly.

 

[RiazHaq]

http://www.pakalumni.com/profiles/blogs/pakistan-is-the-world-s-fastest-growing-steel-producer

 

[HariPrasad]

Congratulations to Pakistan.

 

[Indus Pakistan]

Yeah “fastest growing steel producer”...these threads are embarrassing.

Pakistan sucks and there’s no two ways about it. Nothing to be ashamed off. Just put down your heads and work hard as a nation till we make it, Inshallah.

But opening threads like this for mental masturbation is just plain embarrassing. C’mon, let’s not try to copy indians now

5 million tons is a joke. That is worth one ship, few pots and couple of spoons. Wtf? Even sanctioned Iran knocks off 21 million tons. Look at Vietnam. And India has what you call steel industry at 100 million tons.

Iran ranks 13th with 21.7 million tons; Vietnam ranks 19th with 10.3 million tons; Egypt ranks 23rd with 6.8 million tons produced in 2017.

Economies of scale suggest one plant should pour out 20 million tons. In Pakistan it's other way around. 20 million steel plants to make one million ton. What a joke.

ore reserves are proven in Pakistan?

There is more iron reserves in my body then in Pakistan. Hell by Pakistan standards I have steel industries inside me !

 

[My-Analogous]

We eat all the still . Now we are shitting boullions ..all 220 millionn population. Thats xwhy its fastest growing.... govt steel mill sitting idol.. while pvt mills milking good..

Look a littel deeper u will find out the owners of these mills r sitting in senate or assembly.....

PSM where P stand for Peoples party just like PIA

 

[volatile]

Per Capita steel consumption/production was considered once as benchmark of how strong economics of the country was