Steel deficit in North Africa to drive investment in DRI, Ezz Steel says

A shortage of crude steel in North Africa will drive investment in DRI production over the next five years, Ezz Steel's marketing director, George Matta, said last week.


Addressing delegates at Metal Bulletin's Middle East Iron and Steel conference in Dubai last week, Matta said crude steel capacity is expected to increase by 9.3 million tonnes and DRI capacity by 8.3 million tonnes within five years.   However, he warned that growth and demand are expected to increase at a similar rate, leaving the current shortage levels unchanged. “Because [capacity] utilisation...

Published

Lisa Barrington

December 16, 2013

15:15 GMT

London