El Garhy Steel Group to build USD 250 mn smelting and rolling plants

USD 250 mn investment in steel industry: El Garhy Steel Group is planning to build two smelting and rolling plants at a total cost of USD 250 mn this year, Chairman Gamal El Garhy tells Al Borsa. Once completed, the two factories will increase the group’s smelting production capacity to 1.2 mn tonnes per annum.