Tag Archives | Steel

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 […]

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 […]

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 […]

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 […]

Dana Steel Resumes Operations in Libya

Dubai-based Dana Steel, a division of Dana Group, has resumed operations in Libya. Products mainly supplied to Libyan market include steel coils, cold rolled steel coils, hot rolled steel coils, galvanized and pre-painted coils, profiled sheets and profiles, roll-formed products, stainless steel utensils and water heaters. This is in addition to its strong FMCG division […]

LISCO Output Nears 50,000 tonnes/mth

The Libyan Iron & Steel Co (LISCO) produced almost 50,000 tonnes of steel in December, reports Libya Herald. A company executive told Platts that in the last month of the year, 12,199 tonnes of slabs and 37,232 tonnes of billets had been produced. Four of its six electric arc furnaces now back in operation, and […]

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Misrata gets One-Stop Shop for Foreign Investors

Misrata has become the second city, after Tripoli, to set up a ‘one-stop shop’ to fast track overseas investments. According to a report from Libya Herald, the move is part of Libya’s drive to attract foreign investors, with the shops having local powers to sort out new projects and speed their way through cumbersome bureaucracy. […]