Pakistan Steel Mill is listing with the nation capable to produce steel (10 to 50mln ton of steel) and iron foundries locally. In 1956, the Krupp industries of West Germany offered to set up a steel mill based on Kalabagh iron ore, coal and most other minerals available within about 11 miles (18 km).

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Kalabagh Mianwali Steel Mill. Due to ignorance or lack of interest on the part of decision makers and elected representatives, feasible Kalabagh Steel Mill project based on local iron ore wasmenced in 1956 and again in 1967, and Nokkundi iron ore project in 1972. However, Pak Steel Mill based on imported iron ore was established at Karachi in 1985.

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The project was completed at a capital cost of Rs. 24,700 million. The completion of the steel mill was formally launched by General Zia-Ul-Haq the then President of Pakistan on the 15th of January 1985. Today Pakistan Steel is the country's largest industrial undertaking having a production capacity of 1.1 million tonnes of steel.

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