El Garhy Group for Steel is building a USD 200 mn iron ore pelletizing plant, Chairman Gamal El Garhy tells Al Mal. Once completed, the plant will have a production capacity of 1.5 mn tonnes of pellets annually, covering the needs of the group’s steel rolling mills. New production lines will also increase the Group’s steel production to 3 mn tonnes per year from a 1 mn tonnes currently, El Garhy adds.

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