Egypt produces 4.8m T of steel in eight months

Egypt’s total production of steel reached 4.801 million tonnes during the first eight months of 2016 versus 4.750 million tonnes at the same period of 2015.

Executive Director of Metallurgical Industries Chamber at Federation of Egyptian Industries (FEI), Mohammed Hanafi asserted that steel firms produce around 700,000 tonnes monthly .

The official pointed out that the expectations about the raise in production volume depend on providing dollar for companies to import raw materials as the chamber has received a lot of complains about the shortage in dollar liquidity.

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