A steel mill with capacity to produce 500,000 tons of steel per year is due to start operating in 2015 in Luanda, the Minister of Industry, Bernarda Gonçalves Martins said recently in Luanda.
As well as this plant, two others, whose installed capacity and location she did not name, are also due to start operating in 2015, which will help Angola become self-sufficient in steel, as is already the case with cement, in which production of 8 million tons/year exceeds consumption, currently estimated at 6 million tons per year.
Speaking to Angolan news agency Angop, the minister pointed out that, based on ongoing projects and those expected to be approved, Angola should achieve self-sufficiency in production of building materials, including steel rods and wire, in the medium term.
“Within a short time steel rods for the construction industry will no longer be imported and in time there will be a surplus that can begin to be exported,” added the minister.
Source: macauhub
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