Recently, Egyptian Iron and Steel Company chairman Ahmad Abu Hasima (Ahmed Abou Hashima) is introduced, in order to Egyptian Iron and Steel Companys annual production capacity increased to 3500000 tons and expand its market share in Egypt, the company will build 2 steel mills in mid 2016 before.
In addition to the Egyptian Iron and Steel Company in port Alexander and port said steel, the company plans to July or August cost 3500000000 Egyptian pounds (about $460000000) to build an annual output of 1300000 tons of steel mills in the province of Beni Sue Vee J. At the same time, Abu? Hasima points out, the company hopes to ain sokhna steel plant in mid 2016 before production.
"We hope that in the production of all steel, steel products can be accounted for the domestic market share of 20%~25%, egypt." Egyptian Iron and Steel Company said. It is reported, at present the company holds 10% of the Egyptian iron and steel market share, and the Egyptian market has strong demand for steel.
Egyptian Iron and Steel Company plans to expand capacity to reflect its economic recovery after years of turmoil and growing optimism. At present, the annual output of 800000 tons of steel.