Minister of Public Enterprises
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.
Badawi expected that Alexandria Container and Cargo Handling Co (ALCN) will be the second public company to be listed on EGX.
Under the shake-up decision a new board has been appointed for a one-year term in office.
The total debt of public sector companies to all parties amounts to LE 45 billion.