04
Jul
12:48
Hadisolb replaces chairman as BF restart stalls
Mohamed Saad Negeada has stepped down as chairman of Egyptian Iron and Steel Company (Hadisolb), to be replaced by Khalid Mustafa Kamel Al Ansari, a source at the firm tells Kallanish. Al Ansari was previously chairman of Hadisolb sister company and coke supplier El Nasr.
Egyptian media reports suggest Negeada was dismissed because Hadisolb was unable to restart blast furnace no.3 before the set deadline of end-May. The company source says the former chairm…
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