FILE - Minister Hesham Tawfik
CAIRO - 10 December 2018: The Ministry of Public Enterprise Sector stressed its full support for the ongoing development process of Delta Steel Mill to boost its production capacity five to ten times, according to a statement issued on Monday.
The ministry said recent statements by Public Enterprise Minister Hesham Tawfik where he was quoted as saying that the "steel industry is not strategic" were taken out of context.
The minister meant that the public sector's production of steel is less than 5 percent compared with 100 percent in the 1970s.
The statement noted that the ministry is following up underway efforts to upgrade the Helwan Iron and Steel Company.