KARACHI (Online) The government is mulling to hand over the administration of the Pakistan Steels Mills to Chinese or Russian investors to further the privatisation policy. According to a private TV channel, a dispatch had been sent to Chief Executive of PSM mentioning that in a meeting with President Zardari and PM Gilani it has been decided to hand over PSM administration to Chinese or Russian investors. Selling of 10 to 20 percent shares is also included in the plan of privatisation. Recommendations in this regard have also been sought out from the current administration. It has also been learnt that PSM was included in the list of companies presented in the road show held in London on December 10 for the privatisation purposes.