You are here: Home > Steel News > Latest Steel News > Libya’s...

Libya’s LISCO and Danieli to construct direct reduction plant

Thursday, 18 April 2024 11:20:32 (GMT+3)   |   Istanbul
       

Libya-based rebar producer Libyan Iron & Steel Company (LISCO) has announced that it has signed a memorandum of understanding with Italian plantmaker Danieli to construct a direct reduction plant. The project will be a joint venture with Danieli holding a 51 percent stake and LISCO holding 49 percent.

The plant will annually produce two million mt of sponge iron and hot briquetted iron, which are currently in demand in both local and international markets. The plant will operate using Danieli’s EnergIron technology.


Similar articles

Libya’s LISCO chooses Turkish company to complete hexagonal cold rolling mill project

14 Aug | Steel News

LISCO resumes rebar exports

15 Mar | Steel News

Wire rod demand weakens in Libya

23 Jan | Longs and Billet

Local and import wire rod prices in Libya

28 Nov | Longs and Billet

Libyan wire rod market - week 45

04 Nov | Longs and Billet

Libya mulls privatization of LISCO

29 Oct | Steel News

Libyan wire rod buyers focused on local market

16 Sep | Longs and Billet

Flat steel demand strong in Tunisia

05 Sep | Flats and Slab

Rebar prices in Libyan market

15 Aug | Longs and Billet

Latest wire rod price levels in Libya

15 Aug | Longs and Billet