Local media reported that Egypt’s Ministry of Trade and Industry’s Industrial Development Authority announced issuance of requirements and controls for the establishment of six projects to produce billet, sponge iron, and iron pellets, or expand existing ones locally, in preparation for obtaining a production licence. Offer documents would be made available at the Authority’s headquarters from 7 November to 18 November 2021. Offering includes six production licences for various iron and steel products, with a total production capacity of 1.3 million tonnes of billet, 2.5 million tonnes of sponge iron and 16 million tonnes of iron pellets. These licenses are divided as followsThree licences for billet production to be locally offered two licences with a production capacity of 1.1 million tonnes per year each, and a licence with a production capacity of 200,000 tonnes per yearA licence for the production of sponge iron with a production capacity of 2.5 million tonnes per yearTwo licences for the production of iron pellets, each with a production capacity of 8 million tonnes per yearThis step comes within the framework of the strategy of the Ministry of Trade and Industry to meet the needs of the local market for iron and steel products, increase production to bridge the import gap, and provide the necessary requirements for expansions of development plans to meet the needs of the growing market to keep up with the urban development to take place during the upcoming stages.
Local media reported that Egypt’s Ministry of Trade and Industry’s Industrial Development Authority announced issuance of requirements and controls for the establishment of six projects to produce billet, sponge iron, and iron pellets, or expand existing ones locally, in preparation for obtaining a production licence. Offer documents would be made available at the Authority’s headquarters from 7 November to 18 November 2021. Offering includes six production licences for various iron and steel products, with a total production capacity of 1.3 million tonnes of billet, 2.5 million tonnes of sponge iron and 16 million tonnes of iron pellets. These licenses are divided as followsThree licences for billet production to be locally offered two licences with a production capacity of 1.1 million tonnes per year each, and a licence with a production capacity of 200,000 tonnes per yearA licence for the production of sponge iron with a production capacity of 2.5 million tonnes per yearTwo licences for the production of iron pellets, each with a production capacity of 8 million tonnes per yearThis step comes within the framework of the strategy of the Ministry of Trade and Industry to meet the needs of the local market for iron and steel products, increase production to bridge the import gap, and provide the necessary requirements for expansions of development plans to meet the needs of the growing market to keep up with the urban development to take place during the upcoming stages.
