The company did not provide a new figure. The guidance was previously revised downwards from an initial 10mn t.

Gladstone, DBCT, Hay Point and Abbot Point operated at a combined utilisation rate of just 75pc in 2019 and the distribution was uneven.

Keetac can produce about 6 million net st of iron ore pellets each year.

Pakistan’s International Steels profit plunged 72% to PKR 655.6 million in the nine month period ended March 31, 2020.

On a quarterly basis, steel demand would be a washout in the first quarter of this fiscal, given the pan-India lockdown that would hurt construction.

ferro-alloys.com:The Price of iron ore enhanced

ferro-alloys.com:The demand for Indian steel predictable to reduce by 7.7%

Business Recorder reported that Pakistan’s All Iron Steel Merchants Association has called for tax relief measures to safeguard the interests of the business community in the wake of the coronavirus pandemic.