Staff Reporter
Karachi
Agha Steel Industries is going to sell 100,000 metric tons of low-carbon billets worth approximately Rs 10.5 billion per annum to Horizon Steel.
The two companies have signed a memorandum of understanding (MoU) that ensures Agha Steel will reliably supply the intermediate steel product that the downstream steel industry uses as raw material.
“Thanks to product innovation and heavy investments in R&D, Agha Steel is able to manufacture for the first time in Pakistan refined low-carbon quality billets that are used in the wire rod industry.
