Industry min. inaugurates steel factory in 6 October city

CAIRO - 13 January 2018: Minister of Trade and Industry Tarek Kabil inaugurated Saturday el Jiyashi steel factory in 6 October city with a production capacity of 240,000 tons of steel annually.

The factory is worth LE 500 million, while LE 250 million will be pumped to establish a new production line in the coming months, with a production capacity of 360,000 tons of steel to reach an overall production capacity of 600,000 tons of steel.

In press statements during the inauguration, Kabil underlined that the inauguration of the factory is considered to be a strong addition to Egypt's steel production to meet the local market's needs.

He underscored his ministry's keenness to develop the manufacture of steel, as it is considered to be a strategic industry to Egypt.