28
Feb
14:04
Mughal Steel approves melting capacity expansion
Mughal Steel has approved "phase 2" of its expansion plan that will see melting capacity increased by 396,000 tonnes/year at a cost of PKR 500 million ($4.5m).
The increased capacity will reduce reliance on merchant billet, “… ensure competiveness, sustainability of operations and eventually result in improved margins,” the Pakistani long steelmaker says in a note seen by Kallanish. The new induction furnace will also enable ‘dā¦
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