PSM’s core assets to be leased to newly formed entity SC seeks revival plan on country’s biggest industrial complex within two weeks The tariff commission said the injury to PSM was caused by factors other than dumping such as over-employment, unavailability of gas and energy, extraordinary high production cost and operating expenses. PHOTO: FILE ISLAMABAD: The Privatisation Commission (PC) has prepared a plan for the revival of country’s biggest industrial complex – the Pakistan Steel Mills (PSM). A senior official in the PC disclosed that under the approved transaction structure, core operating assets include steel mills plant and machinery, coke oven, by-product plan, sintering plant, iron making department, steel making plant, billet mill, gold rolling mill, galvanizing plant, gold formed section, refractory plant and oxygen plant.