wiredinUSA July

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Picture : Alessandro Paiva

Lisco melting again

ASIA & AFRICA NEWS

“All Lisco plants are now back to work except the hot strip mill plant,” Elfighi said in an emailed statement. “The direct reduction plant is working, the steel melt shops are working, the bar mill is OK, the wire mill is OK, the section mill is OK.” Elfighi said energy supply, which had been poor in the last year due to damage caused by the conflict, had improved, but added there were still some restrictions during peak demand. Domestic demand has improved for both long steel products, mainly used for construction and flat products, white goods and car manufacturing, Elfighi said. “The international market is not so good, but expected to improve,” he added.

The Libyan steelmaker Lisco has resumed most steel production processes, including melting operations, more than a year after operations were suspended in the wake of the conflict that saw the country’s former dictator, Muammar Gaddafi, overthrown and killed.

The state-owned steelmaker resumed steel melting in May, and is slowly increasing steel production volumes, chairman Mohamed Elfighi reported. The company hopes to reach its full capacity of around 1.8 million tonnes by the end of 2012.

ASIA / AFRICA NEWS

wiredInUSA - July 2012

wiredInUSA - July 2012

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