The Egyptian Industrial Development Authority (IDA) has announced the launch of a tender for eight new licenses for the production of continuous casting blanks with a total annual capacity of 2.8 million tons, in line with the Ministry of Industry's strategy to develop local production, strengthen the domestic steel value chain and reduce dependence on imports.
According to IDA, the tender includes four licenses with an annual capacity of 500,000 tons each and four licenses with an annual capacity of 200,000 tons each. The additional billet production facilities are expected to meet the raw material needs of local rolling mills, save foreign currency, and increase the competitiveness of Egypt's steel industry.
Interested companies can purchase the tender documents at IDA headquarters from August 11 to August 20, while applications must be submitted by September 9, 2026.
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