Egypt's Ezz Steel plans to break ground on its $400m Suez direct reduction iron (DRI) plant in Egypt by late July or early August, Meed has reported. The plant will have a capacity of 1.9 million tonnes a year (t/y) of DRI when completed. The project is scheduled for completion in the first quarter of 2012. Manwhile, the company is also building a 1.2 million t/y of steel billet caster at a sister facility at Suez.
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