KARACHI - Tuwairqi Steel Mills first shipment of DRI Grade Oxide Pellets having iron ore content of 67pc arrives at Port Qasim, Karachi.
According to detail, the arrival of 40,000 tons of oxide pellets marks a major milestone in the successful completion and operation of TSML’s DRI Plant. The raw material has been imported from Sohar, Oman and selected to optimise productivity, energy consumption and overall economics of the plant; the first private sector integrated steel manufacturing complex in Karachi, Pakistan.
On this occasion, Chairman Sindh Board of Investment, Zubair Motiwalla said “The arrival of Tuwairqi Steel Mills’ first shipment puts faith and strong belief in the project that will greatly help in augmenting the efforts towards completion of the DRI project this year.”
Reflecting on this momentous occasion, Zaigham Adil Rizvi, TSML Director Projects said, “The successful arrival of first ship of DRI Grade Oxide Pellets in Pakistan is the reward for the dedication and hard work shown by TSML family. It’s a huge milestone in TSML journey, the journey based on hope, faith, and perseverance as we strive to achieve our goal of a successful and respected company that not only works for the betterment of itself, but also the betterment of Pakistan. I congratulate the entire team on this success; their toil has indeed paid off today and will eventually mark glory”.
Dr Parwaiz Khan, Head of Logistics added, “The DRI Grade oxide pellets imported from Oman have been mined in Brazil. The ore has been beneficiated and pelletised in Sohar and is eventually made most suitable for the DRI reduction process. It has been selected keeping in consideration the chemical and physical characteristics, reduction properties and overall economics of the DRI Plant.”
Senior Executive Vice President, Rafiq Bengali of National Bank of Pakistan also graced the occasion with his presence.
Subsequent to commercial operation of the DRI project, TSML shall focus on upstream and downstream production processes, involving Long/Flat Products Project and Iron Ore Beneficiation & Pelletisation Project. The DRI plant technology has been sourced from the Midrex Technologies Inc., a subsidiary of KOBE Steel of Japan.
Tuwairqi Steel Mills Limited (TSML) is a subsidiary of Al-Ittefaq Steel Products Company, a group company of Al-Tuwairqi Holding of the Kingdom of Saudi Arabia, one of the leading business concerns and the second fastest growing group in the Kingdom of Saudi Arabia. POSCO, the world’s 3rd largest steel maker by market value, and Asia’s most profitable steel maker, is a Joint Venture partner of Al-Tuwairqi, in TSML.