Naveed Ahmad Khan
ISLAMABAD: First time in Pakistan Industry, Consultancy and Academia joined hands for a major industrial breakthrough by bringing revolutionary steel product – Grade 80 steel bar.
FF Steel held the launch ceremony of the first-ever Grade-80 steel bar, the strongest steel bar in Pakistan, at Serena Hotel Islamabad. Present at the ceremony were Honorable Senator Shibli Faraz, Federal Minister for Science and Technology was Chief Guest on the occasion. Minister of Railways, Senator Azam Swati. MD NESPAK, Dr. Tahir Masood, Pro-Rector NUST – AVM Dr. Rizwan Riaz, PEC Chairman, Muhammad Najeeb Haroon, Senator Sajjad Hussain Turi, Senator Daud Khan, Senator Taj Muhammad Afridi and Senator Sana Baloch.
Grade-80 steel will change the landscape of the construction industry through the industrial revolution and economic growth, said Chairman FF Steel, Nauman Wazir Khattak. The product will have a significant effect on the Current Account Deficit. Given 13% less usage in construction and up to 10% cost-saving while using Grade-80 in comparison to Grade-60, it will considerably narrow down the current account deficit.
According to Senator Shibli Faraz, through such initiatives good times are coming for the government and for the people of the country. He said that it will contribute to the country’s imports and wealth creation.
An extensive research study conducted in collaboration with NUST and NESPAK resulted into FF Grade-80 to be the most economically feasible and beneficial steel bar in Pakistan. It will give a whole new direction for the construction of high rises and CPEC projects.
“Grade-80 will be of great benefit for the construction of bigger projects and high rises provided the higher strength and reduced cost,” said, MD NESPAK, Tahir Masood.
FF Steel is one of the leading and fastest-growing steel manufacturing companies in Pakistan. After over 30 years of growth starting with the first plant in Peshawar and then a second plant in Lahore, now the company is moving towards the final stage of IPO by the end of 2021, which is expected to be the largest IPO in history of Pakistan’s Steel Sector.