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Egypt Considers Major Mill Investment
02/29/2024 - The Egyptian government is reviewing a proposal to establish a US$4 billion integrated steel mill in the country, reports the English language news website Ahram Online.
According to the publication, the proposal also includes a green hydrogen production plant, an additional investment estimated at between US$2 billion to US$3 billion.
“The proposed complex aims to localize the iron industry and export its production to global markets, especially in Europe,” the publication said.
Plant builder Danieli is said to be offering support for the project.
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