Egypts Egyptian Steel IIC increases its presence in the long product market.
The producer plans to launch new rolling mills in three regions of Egypt until 2016. Most sales will be domestic in view
of forecasts of increased consumption. Domestic market is our primary target due to large-scale state construction
projects to start in the next couple of years, as well as a general upturn in demand for real estate, a mills representative
tells Metal Expert.
The company will start wire rod production at Alexandria-based mill (300,000 tpy) in October; presently, it commissions
the equipment. The company will buy semis feedstock in the free market. A source says that we have several different
billet suppliers and buy superior material at a fair price for prompt delivery.
The company will build two 600,000 tpy rebar mills in Beni Suef and Al Ain Al Sokhna in the middle of 2015 and by 2016
respectively; the mills will also have steelmaking complexes (850,000 tpy). Both mills will use predominantly scrap, as
well as HBI depending on market conditions and availability, the mills representative comments.
Egyptian Steel IIC has two rebar mills (400,000 tpy) at National Port Said Steel Company (NPSS).