The Egyptian Ministry of Investment has announced that the country's government has issued six licenses for the establishment of new steel mills with a total investment of EGP 20 billion ($3.8 billion).
Currently, an integrated study, which is expected to be finalized next November, is being prepared by the Holding Company for Metallurgical Industries in order to produce different type of steel, including construction steel, according to the specializations of companies within the holding company in question. Once finalized, the study will be presented to Egypt's Industrial Development Organization in order to obtain the necessary approvals.