In a significant stride towards bolstering its economic prowess, the Libyan Iron and Steel Company has declared the successful export 12,000 tons of hot-briquetted iron (HBI) to the UAE. Simultaneously, the company welcomed the iron ore pellets at its advanced port facility. Export of HBI and the concurrent iron ore pellet unloading mark a turning point in Libya's economic journey, one that promises to reap substantial benefits for the nation and its partners in the Arab Republic.
The announcement was made in an official statement released by the Libyan Iron and Steel Company, highlighting the strategic importance of their port expansion project. The company's efforts to extend the quay to an impressive 1,080 meters have not only enhanced its capacity but also positioned it as a capable hub for simultaneous unloading and shipping operations. The hot-briquetted iron, known for its high-quality characteristics, is a testament to the Libyan Iron and Steel Company's dedication to producing top-notch steel products.
As the global demand for steel continues to rise, Libya's steel industry is well-positioned in meeting this demand. The company's investment in expanding its port infrastructure not only supports its own growth but also bolsters the nation's capacity for efficient import and export operations.