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12 Jan
14:11

Hadisolb to cease steelmaking

Egyptian Iron & Steel Company (Hadisolb) will liquidate its steelmaking operation following consecutive years of losses and its inability to resume production, Egyptian market sources inform Kallanish. The firm, Egypt’s sole blast furnace-based steelmaker, previously said it was spinning off its iron ore mining business into a new company named Iron and Steel Company for Mines and Quarries (see Kallanish passim). Last summer the producer signed an agreem…
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