Material Information of Agha Steel Industries Limited

Karachi, Agha Steel Industries Limited informed Pakistan Stock Exchange that the sad demise of Mr. Iqbal Hussain Agha, chairman of the Company on July 28, 2021.

Agha Steel Industries Limited (ASIL) is the fully automatic leading Steel Re-Rolling Manufacturing Company in Pakistan with an annual capacity of 240,000 Metric Ton per annum. ASIL represents one of the largest private sector investments in the steel industry of Pakistan. ASIL is the fastest growing steel manufacturers of Pakistan, which prides in its focus on continuously improving the quality of its products. ASIL is Pakistan’s first completely automatic Rolling Mill with 17 Strand, having a capacity to make Re-Bars ranging from 8mm to 40mm at the maximum speed of 18 m/s, thus leading Pakistan into a new era of steel-making.

ASIL’s state of the Art 45 Tons Furnace with Tap to Tap Time is 48 Minutes. Addition of most modern technologies such as Catfis, EBT Eye, EBT Sand the furnace performance has enhanced to an extent where we have been able to increase our capacity 2.5 times of our previously installed furnace.

The Company is pioneer in introducing the TMT technology in the country, in conjunction with fully automated rolling mill. This has enabled the Company to produce high quality rebars having accuracy in terms of length and grade for meeting the customer’s needs. Pioneer of ASTM A706 Deformed Grade 60-Pakistan’s first Earthquake Resistance rebar.