Daily Times cited Dr Hilal Hussain Al Tuwairqi chairman of Al Tuwairqi Holding as saying that the current scenario of the Pakistani steel sector indicates a huge growth potential in this industry.

The per capita consumption of steel in Pakistan is only 38 kilogram vis a vis a global average of 175 kilogram. Even if we consider the very modest increase in per capita steel consumption to 80 kilogram in the next 10 years, the steel requirement works out to be 16 million tonnes per annum for a population of around 200 million by the year 2020.

Dr Hilal expressed these views after being elected as chairman of the board of Arab Iron and Steel Union which is the largest regional Arab conglomerate of iron & steel producers and users comprising more than 80 companies from 16 Arab states.

Dr Hilal, being the head of AISU board, can help strengthen Pakistan's steel industry and would definitely facilitate Tuwairqi Steel Mills in arranging technical expertise to accelerate mining and exploration activities in Pakistan with the help of AISU member companies.

(Sourced from Daily Times)