Arab Today, arab today posco agrees to buy into steelmaker
Last Updated : GMT 15:59:42
Arab Today, arab today
Arab Today, arab today

POSCO agrees to buy into steelmaker

Arab Today, arab today

Arab Today, arab today POSCO agrees to buy into steelmaker

Seoul - Yonhap

South Korea\'s largest steelmaker POSCO said Tuesday it has signed a deal to purchase a stake in a Pakistani steel company, paving the way for tapping into the South Asian country. Under the deal with Al Tuwairqi Holding signed on Saturday, POSCO will spend US$15 million to buy a 15.34 percent stake in Tuwairqi Steel Mills Ltd. (TSML), the sole maker of direct-reduced iron (DRI) in Pakistan, POSCO said.  

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