11
Oct
14:25
ASML foresees increased demand after turning profitable
Aisha Steel Mills (ASML) forecasts combined cold rolled and hot-dip galvanized coil demand in Pakistan will increase to over 1.6 million tonnes/year from the current 1.2m t/y.
The firm, along with rival International Steels Limited, has embarked on capacity expansion projects to meet this increased demand and close the gap on imports. ASML currently has a 220,000 t/y CRC capacity, which it plans to raise by mid-2019 to 450,000 t/y, as well as adding a 250,000 t/…
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