Libya Observer reported that Libyan Iron & Steel Company is exploring opportunities for cooperation with German & Italian companies working in steel sector. Libyan Iron and Steel Company Chairman Mr Mohammed Al-Faqih has recently met German Ambassador to Libya Mr Michael Unmacht & Italian ambassador to Libya Mr Giuseppe Buccino at LISCO headquarter in Misrata in Libya and discussed ways to enhance cooperation with German & Italian iron and steel companies.The Libyan Iron and Steel Company is one of the largest iron and steelmaking companies operating in North Africa. Based in Misrata, it is subsidized and owned by the Libyan government. Lisco's foundation stone was officially laid on 18 September 1979. Lisco is among the largest companies in Libya, having an annual production capacity of approximately 1.324 million tonnes of liquid steel.