The Libyan Iron and Steel Company (LISCO) has achieved remarkable success in the first half of 2024, surpassing its direct reduced iron (DRI) production targets. According to Eng. Mohamed Al-Radani, Director of the Direct Reduction Factories Operation Department, LISCO exceeded its semi-annual production goal by an impressive margin.
LISCO's direct reduction factories have churned out a staggering 512,672 tons of DRI, surpassing their target by an astounding 105%. This achievement underscores LISCO's operational efficiency and strategic planning under challenging market conditions.
Moreover, the third unit of LISCO's operations excelled in producing 350,909 tons of HBI, surpassing its goal of 337,300 tons by an impressive 104%. This surplus production not only meets domestic demand but also positions LISCO favorably in the global steel market.
In terms of exports, LISCO has shipped out 331,588 tons of HBI, 43,056 tons of DRI, and 7,067 tons of Cold Briquetted Iron (CBI). These export figures highlight LISCO's growing influence as a key player in the international steel trade, cementing its reputation as a reliable supplier.
Eng. Mohamed Al-Radani expressed his satisfaction with these results, emphasizing LISCO's unwavering commitment to excellence and its pivotal role in advancing Libya's steel industry. He attributed the success to the dedication of LISCO's workforce and the company's continuous investment in cutting-edge technology and sustainable practices.
Looking ahead, LISCO aims to build on this momentum, focusing on further enhancing production capabilities and expanding its market reach. With remarkable achievements in the first half of 2024, LISCO is poised to set new benchmarks in the global steel sector, solidifying its position as a beacon of industrial prowess in North Africa and beyond.
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