Representatives of the Israel Government and the United States Steel Company have signed an agreement under which the company will supply Israel with a total of 100,000 tons of steel during the next three years, it was announced here today. The steel will supply 40 percent of Israel’s steel needs for the three-year period.
The steel will be fabricated in Israel, chiefly for use in water pipes for major irrigation projects. It will go to three Israeli steel plants at Migdal-Askelon, Sarafand and Acre. The plant at Migdal-Askelon will devote most of its products to a project for bringing Yaarkon River water to the Negev.
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