New scrap steel plant to be commissioned in Ethiopia
A new
scrap steel plant in Bishoftu,
Ethiopia will reportedly be commissioned in October with an investment of Birr 29.7 million ($3.4 million).
The owner of the
scrap steel plant is Abyssinia Integrated Steel, a joint venture company built in October 2001. The newly established
scrap steel plant will supply
scrap metal to certain industries, including
construction.
Abyssinia Integrated Steel officials stated that they decided to build the plant as
scrap is a crucial raw material in steel making. Moreover, the plant is the third
scrap steel plant in the country.