Egypt plans to expand steelmaking capacity to boost flat steel output

The Egyptian government is planning to increase its output of flat steel products by constructing a $1 billion steelmaking complex in the Suez Canal Economic Zone, the State Information Service (SIS) said last week.

Prime minister Mostafa Madbouli chaired a meeting that approved setting up the new complex in association with an unnamed international partner, according to cabinet spokesman Nader Saad, who added that the...


Serife Durmus

Darina Kahramanova

September 19, 2023

15:40 GMT

Sofia, Bursa