Tag Archives | 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 […]

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 […]

Tags: ,

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. […]

LISCO Restarts Hot Strip Mill

Platts reports that the Libyan Iron and Steel Company (LISCO) has restarted its hot strip mill (pictured) in recent weeks. Sliman Biram, Lisco’s director of commerce and finance, confirmed that the plant will now be able to supply flat steel products. The mill in the city of Misurata stopped production in February of last year […]

LISCO Misurata Resumes Production of Reinforced Steel and Iron

The Libyan Iron and Steel company, LISCO, has announced that all production of reinforced steel and iron has resumed and is now available. The company, one of the largest in Libya, with an annual capacity of 1,324,000 tons of liquid steel, is situated near the coastal city of Misurata, about 210km east of Tripoli, and […]

Tags: ,

$10bn for Oil and Gas Projects

It has been an interesting week, with Oil Minister Abdul-Rahman Ben Yezza highlighting Libya's plans to spend $10bn on developing long-term oil and natural gas projects and to increase its crude production capacity. The country also has a five-year plan to increase production to 2.2 million barrels a day. Wintershall is closing in on its pre-conflict […]

LISCO restarts steel production in Misrata

The Misrata-based Libyan Iron and Steel Company (LISCO) has now resumed most of its steel production a year after it suspended operations, meaning a return to work for many of its 6,500 employees. Work has been going on since December to make essential repairs among the seven plants that were damaged by both shellfire and […]

Tags: ,