SCM Not To Bid For Pakistan Steel Mill.

The Pakistan Steel Mill Corporation (PSMC) is presently fully state-owned but will be offered for privatization soon. The corporation has an annual capacity of 1.1 mln mt of steel. System Capital Management (SCM) is Ukraine’s largest business group with a strong interest in metallurgy. According to System Capital Management, PSMC does not fit into the group’s business strategy due to its remoteness and other factors.