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LISCO resumes steel exports

Steel News - Published on Fri, 15 Mar 2019

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Libya Herald reported that Libya’s state iron and steel company, LISCO, announced that it has made its first export shipments to Egypt and Algeria. The shipments were of 10,000 tons of rebar hot rolled steel. It said that other potential exports were being negotiated with a number of other countries.

The Misrata-based company said that it was able to resume exports after the Tripoli-based Ministry of Economy gave it clearance to resume exports due to a surplus of production by LISCO.

It will be recalled that LISCO had increased its production capacity last year and has been cleared to export 150,000 tons by the Ministry of Economy.

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Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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