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10 Sep
01:00

Egyptian Steel to seek licences for expansion pending gas availability

Egyptian Steel will seek to expand by acquiring any new investment licences that become available in future, according to Abdullah al-Shaheen, managing director of State Holding Company (SHC), a major shareholder in the steelmaker. Egyptian Steel plans to bring on line two new electric arc furnace-based steel plants by mid-2016 – at Sokhna and Beni Suef. Each of the new plants will have capacities of 600,000 tonnes/year of rebar and 850,000 t/y of squa…
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