27
Sep
16:23
Marubeni-Itochu Steel acquires stake in Pakistan’s Aisha Steel
Japan-based Marubeni-Itochu Steel Inc. (MISI) has made an investment of PKR 1.148 billion ($6.77 million) in Pakistan’s Aisha Steel Mills (ASML), through a purchase of 38.27 million of its shares, Kallanish notes.
ASML and MISI have entered into a strategic alliance and have signed a Trade Development Agreement (TDA) in order to expand the steel business in Pakistan. It has been agreed by both the companies that ASML appoints MISI as its supplier for buying …
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Anonymous
Very good overview of the weekly steel market.
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