September 08, 2008

Ezz Steel gets nod for rebar project in Algeria

ArabSteel reported that Egyptian steel makers Ezz Steel has got the approval of the National Council of Investment in Algeria on April 20th 2008 to start with the works related to setting up a steel project in Algeria with a capacity of 1.5 million tonne of reinforcing steel.

It will be set up in Bellara region belonging to Jijel State on a plot of 200 hectares. Work in this project is expected to start during the next weeks and completion of this project will take 24 months.

According to Algerian Al-Watan newspaper, the first stage of the project is estimated to cost USD 750 million followed by second stage costing USD 500 million.