INVESTMENT WATCH- Russia’s Metprom to invest EUR 210 mn in two steel projects: Russian metallurgy company Metprom is planning to invest EUR 210 mn in two projects in Egypt, Metprom Chairman Stel Lomachenko told Trade and Industry Minister Amr Nassar during his visit to Moscow this week, according to a ministry statement. The company plans to invest EUR 60 mn in setting up a rebar and wire production facility with an expected production capacity of 150k tonnes per annum in the Russian Industrial Zone. The remaining EUR 150 mn will be used to refurbish the Helwan iron and steel complex to increase the facility’s production capacity to 500k tonnes of steel billets.

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