LISCO Restarts Steel Production in Misrata
Steel production was always important economically and ideologically to Qadhafian Libya. Read about its restarting in the Libya Herald.
The Misrata-based Libyan Iron and Steel Company (LISCO) has now resumed most of its steel production a year after it suspended operations, meaning a return to work for many of its 6,500 employees.
In its steel processes, LISCO uses imported iron ore pellets from Brazil, Canada and Sweden and domestic natural gas. Its major products include DRI or sponge iron, hot-briquetted iron (HBI), which is a compacted form of DRI, and reinforced steel and rods. HBI had been one of Libya’s principal exports since production commenced in 1997 at the LISCO II facility, accounting for over 50% of the company’s overseas sales. Before February 2011, over 60% of LISCO’s output was exported to Europe, other Middle Eastern countries and China.