Situation tightens in Libyan market
According to reports, LYSCO, the Libyan integrated steel mill is suffering serious
production problems which leads to a situation where it cannot meet the local and international demand effectively. Consequently, the Libyan market is heating up with buyers looking desperately for material. The fact that many buyers currently have no credit lines available with banks and can only transact basis cash deposits as security is another disadvantage for supplying material from abroad as this method is not a very popular way of transacting among international
trading houses.