29
Sep
14:08
Agha Steel agrees billet supply deal
Agha Steel Industries (ASIL) has agreed to sell 100,000 tonnes/year of low-carbon billet to wire rod re-roller Horizon Steel for PKR 10.5 billion ($63.4 million) per annum, an Agha source confirms to Kallanish.
The Pakistani steelmaker says it is the first to produce low-carbon billet in the country, thereby reducing the need for imports. It sold 8,723t of billet in the merchant market for the first time in the fiscal year through June 2020 (FY20) after it decided…
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