Karachi-based leading steel maker – Agha Steel Industries Ltd. plans to raise $30 million in an initial share sale as a China-financed construction boom in Pakistan is boosting demand for its products. The company is expanding steel bar production capacity to 0.65 mn t pa from 0.25 mn t pa at present. It had almost doubled its billets capacity to 0.45 mn t, a couple of years back utilizing an EAF supplied from Danieli, Italy.
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