The demise of Pakistan Steel Mills - In-Depth - HeraldOct 31, 2016 . On the far-east side of Karachi's coast, the wind is always strong. Except that on a recent day in August, not a leaf is stirring. The ride on a road.downfall of pakistan steel mills,Pakistan Steel Mills shows why state sell-offs are stalled - The .Feb 17, 2016 . A universal machine made in the USSR stands in open ground near the conveyer belt at coal handling plant at the Pakistan Steel Mills (PSM).