Name of The Project: Tuwairqi Steel Mills Limited( a subsidiary of Al-Tuwairqi Group of Companies, The Kingdom of Saudi Arabia).
2. LOCATION: BIN QASIM, KARACHI
3. CAPACITY:
-- Direct Reduced Iron (DRI)
-- 1.0 million tons per year (MTPY), expandable up to 1.5 MTPY
-- Billets
-- 1.0 MTPY expandable up to 1.5 MPTY
4 LAND: 220 Acres between sea and water intake channel and sea water disposal channel, belonging to Pakistan Steel Mills.
5. RAW MATERIALS:
PHASE-I
-- Iron Oxide Pellets
-- Calibrated Lump Ore
-- Natural Gas
PHASE-II
-- DRI from phase-I
-- Steel Scrap
-- Fluxes
6. PRODUCTS:
-- Direct Reduced Iron (DRI) (Phase-I)
-- Square Billet (Phase-II)
7. TECHNOLOGIES:
PHASE-I
-- Reformed Natural Gas (H2 & CO)
-- Direct Reduction (DR)
PHASE-II
-- Electric Arc Furnace (EAF) and Continuous Casting (CC)
8. TECHNOLOGY SUPPLIES:
PHASE-I
-- MIDREX, USA
PHASE-II
-- VAI Fuchs/Demag/Seimens (Yet to be decided)
9 TARGET MARKET: NEIGHBORING GULF STATES /PAKISTAN
10 ELECTRICITY:
PHASE-I
-- 20-25 MW from own Power Generation
PHASE-II
-- 180 MW from WAPDA / NTDC.(Through own Transmission Line)
11. NATURAL GAS:
-- 40 MMCF per day as Raw Material
-- 5 MMCF per day for Power Generation.
12 POTABLE WATER: 5,000 CM per day will be supplied by Karachi Water & Sewerage Board
13. PORT: Port Muhammad Bin Qasim for Import of raw materials / Export of finished good.
14. SUPPORT FACILITIES:
-- Fabrication Shop.
-- Ready Mix Concrete Batching Plant
15. COMPLETION TARGETS:
PHASE-I
-- September-07
PHASE-II
-- March-09
16 PROJECT COST:
PHASE-I
-- US $130 Million.
PHASE-II
-- US $170 Million.
-- (These Figures are based on the commitment & technical know-how of ATG)
17. DEBT: EQUITY RATIO:
-- 65: 35 (ABN Amro is the lead arranger)
18. STATUS: Plant have Export Processing Zone (EPZ) status.
19. MANPOWER & EMPLOYMENT: Project will provide direct employment to 1,000 persons and an opportunity to another up to 3,500 employments in trade and services related with the main plant.