[Ferro-Alloys.com] Reportedly, an investing group from Czech is going to establish a steel project costs €600 million in Pakistan, which is expected to be completed by June, 2015.

The said project will be located at Bin Qasim close to current steel mills in the country and includes a 1.2MTPA steel billets capacity and a 300MW coal-fired power plant.

So far, a co-operation agreement with the suppliers as well as project financing has been concluded during the recent Bron International Trade Fair in Czech Republic

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