Steel manufacturers directed to install power plants
By Asad Cheema

ISLAMABAD—Ministry of Industries, Production, and Special Initiatives is likely to bind the steel manufacturers to install the power plant along with their steel units to meet the power requirements in steel production in the new steel policy, sources said here on Wednesday.
Sources said that this would help meet the power demand in steel production and enhance the steel production in the country. “Steel policy aims at providing maximum facilitation and this would save them from the electricity shortage problems,” sources said.
Sources said that government is articulating the steel policy in the suggestions of the respective stakeholder and has constituted a committee to seek proposals from them to finalize the draft of the new steel policy that would be presented before the federal cabinet for final approval. Government would encourage foreign investment in steel manufacturing sector to meet present and future demand of steel and engineering industries and therefore it was introducing a steel policy that would result in facilitating the steel manufacturing.
Sources added that there was a tremendous scope for the investment in steel sector due to rapid demand of steel products.” As a rapid growth, the gap between supply and demand has widened which provide great opportunity for foreign entrepreneurs and investors in steel sector,”he said.