Suez Steel's sale is on the agenda

Suez Steel’s sale is on the agenda

According to market news, Egypt's state-owned billet producer Suez Steel, located in Cairo, is planned to be sold in 2004 via auction. The auction that will be held for the sale of the mill, which currently produces half of its annually capacity of 600'000 tons, will be open to both international and domestic investors. It is stated that, before the sale is concluded, expansion and development plans for Suez Steel of the potential bidders will be evaluated. The auction will commence once Egypt's stock market regulatory authorities approve it.