ArabFinance: Metallurgical Industries Holding Company (MIHC) is about to dismiss Vazhmash’s offer to develop the Egyptian Iron and Steel’s plant which is under divestment, Al Mal News cited unnamed sources.
The development of the Egyptian Iron and Steel’s plant needs a serious investment offer to turn profitable.
In June Egyptian Iron received a financial and technical offer from a Ukrainian company to develop and rehabilitate the company.
ESIC, an affiliated company of Metallurgical Industries Holding, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products. The company provides two product segments, major products, and other Products.
