HadiSolb intends to double production to 420 k tonnes yearly
Egyptian Iron & Steel said in a statement sent to Egyptian Stock Exchange (EGX), Chemical Industries Holding Co. (CIHC) will support the Company by providing necessary coke to work with its full power that with a minimum extent of operational costs after the internal development.
CIHC said the 33,000-tonnes Coke shipment that arrived the ports is sufficient to fuel the company for 3 months, adding it has concluded with Coke company for another shipment. CIHC expects to double the current domestic production at least 1.5 times to reach 420 thousand tonnes yearly.
The final report with regard to the experiences of raising the concentration of iron in the mines of the company to 62% will be issued after 3 months with a cooperation Ukrainian company, CIHC said.