Tag Archives | Libyan Iron and Steel Company (LISCO)

LISCO planning $1bn Tender

By John Lee. The Libyan Iron and Steel Company (LISCO) is reportedly planning to announce a $1-billion tender next month to build two new plants. Chairman Mohamed al-Faqih also told Reuters that the company has started exporting to Algeria, and aims to increase production this year. For the new plants, al-Faqih said Lisco is targeting […]

Power Shortages Shut LISCO

According to a report from Reuters, Libya’s biggest steel firm has ceased production for at least the month of August due to power shortages. The Chairman of the Libyan Iron and Steel Company (LISCO), Mohamed Abdelmalik al-Faqih, told the news agency that the closure of the Misrata-based plant would continue beyond August unless the power […]

LISCO keeps Steel Mills Running

The Libyan Iron and Steel Company (LISCO) is said to be struggling to keep its mills operational. Chairman Mohamed Abdelmalik al-Faqih told Reuters: “The position of the company is not good, even worse than 2013 or 2014, (but) we are working. “The main problems are shortages of natural gas and electricity. “Demand from Egypt is […]

Power Shortages Stop Lisco Production

The Misrata-based Libyan Steel and Iron Company (Lisco) is to cease production for two weeks due to shortages of electricity and gas. Company Chairman Mohamed Abdelmalik al-Faqih told Reuters: “We will hopefully resume production at the company again even before two weeks are over … February is the peak of low temperatures and therefore there […]

LISCO Steel Plant hit by Airstrikes

Forces loyal to Libya’s internationally recognized government have launched airstrikes on the Libyan Iron and Steel Company (LISCO) site in Misrata, the country’s biggest steel plant Company chairman, Mohamed Abdelmalik al-Faqih, said war planes hit the plant’s perimeter and a wall near a company training center on Sunday morning. (Source: Reuters)

LISCO Sales Rise

Libya Herald reports that the Libyan Iron and Steel Company (LISCO) has seen November sales in excess of LD 40 million ($32 million), the Misrata business’s highest since the revolution. The company has also said that its production of reinforced steel reached yearly production targets two months ahead of schedule. Company Chairman, Mohamed Abdul-Malik, told […]

Libya may Privatise 9 State Firms

Industry Minister Suleiman al-Fitouri [Suleiman Ali Al-Fitory, Sulaiman Ali Al-Lteef Al-Fituri] (pictured) has told Reuters that Libya is considering selling off nine state-owned companies. In a first step towards privatisation, the government has launched a process to estimate the value and performance of the companies, which include the Misrata-based Libyan Iron and Steel Company (LISCO), […]

Power Shortages Force Steelmaker to Cut Output

Power shortages have forced the Libyan Iron and Steel Company (LISCO) to slash output and shut down one of its two steel melting shops. Officials told Reuters that the company, one of North Africa’s largest steelmakers, was currently producing at an annualized rate of about 625,000 tons, or less than 40 percent of capacity and […]