Libyan Iron and Steel Company
Company type | Parent Libyan Government | |
---|---|---|
Website | libyansteel.com |
The Libyan Iron and Steel Company (Lisco) is one of the largest
Overview
Lisco is among the largest companies in Libya, having an annual production capacity of approximately 1,324,000 tons of liquid steel.[2] Lisco's operations are primarily supplied by imported iron ore pellets from Brazil, Canada, and Sweden for use as raw materials.[3] Natural gas is used to manufacture sponge iron and hot briquetted iron. Hot-briquetted iron (HBI) became a significant Libyan mineral export since the LISCO II plant began producing it in 1997. About 54% of Lisco's exports (by weight) in 2000 was HBI. Bars and rods shipped to Egypt and Tunisia accounted for about 23% of the company's exports.[3] Lisco has its own captive port with specialized facilities, such as a telescopic ship-loading conveyor for loading HBI into ships. The conveying system extends from the HBI plant to the port, about 1,500 meters away.[4]
Most of Lisco's
Facilities
Facility | Location | Capacity | Commodity | Established |
---|---|---|---|---|
LISCO I | Misrata | (2) 550,000 Midrex DR modules[8] | sponge iron |
1989 |
LISCO II | Misrata | 650,000 Midrex DR[9] module | Hot-briquetted iron | 1997 |
Steel Melt Shop (1) | Misrata | 630,000 | Billets & Blooms | |
Steel Melt Shop (2) | Misrata | 611,000 | Slabs | |
Bar & Rod Mill | Misrata | 800,000 | Bars & Rods | |
Light & Medium Section Mill | Misrata | 120,000 | Light & Medium Section | |
Hot Strip Mill | Misrata | 580,000 | Hot rolled Coils & Sheets | |
Cold rolling Mill |
Misrata | 140,000 | Cold rolled Coils & Sheets | |
Galvanizing Line | Misrata | 80,000 | Galvanized Coils & Sheets | |
Continuous Coating Line | Misrata | 40,000 | Coated Coils & Sheets | |
Six electric arc furnaces | Misrata | 1.25 mill | Liquid steel | |
Notes:
1. Capacity in Tons per year (t/yr).
Expansion and development
In 2001, the Libyan government proposed several state-company projects for which
Production performance
In 2003, Lisco produced 835 kn (1,546 km/h) of long and flat products (444kt long products; 391 kn (724 km/h) of flat products), including 412 kn (763 km/h) of rebar, 391 kn (724 km/h) of hot-rolled coils, and 412 kn (763 km/h) of HBI. Production of long and flat products grew 18% in 2004; mainly rebar (460kt); hot-rolled coils (429kt) and HBI (606kt). Lisco produced over 574 kn (1,063 km/h) of finished products in the first half of 2005, increasing 65% over the first half of 2004. The company also increased liquid steel production 52%.
Exports
Port of Libyan Iron and Steel Company | |
---|---|
Location | |
Country | Libya |
Location | Misrata District |
Coordinates | 32°20′13″N 15°13′12″E / 32.33694°N 15.22000°E |
Details | |
Operated by | Libyan Iron and Steel Company |
Owned by | Libyan Iron and Steel Company |
Main trades | Iron and Steel |
In 2003, Lisco exported 373 kn (691 km/h) of finished products (48.5% of production). 881 kn (1,632 km/h) of various products were exported in 2004, including 477 kn (883 km/h) of HBI (54% of exports) and 72 kn (133 km/h) of rebar. It is considered the only Arab company manufacturing this material. Flat products were 59% of exports in 2004. Europe received about 64.4% followed by
Domestic sales
Lisco's sales for both long and flat products in the domestic market increased 96% during the first half of 2005. Most of this increase came from purchases of long products which grew to 329.039 tons a 10% increase on the preceding year; flat products increased 17%. During the first quarter of 2006, 145.7 kn (269.8 km/h) of rebar was sold domestically, a 9% increased compared to 1Q2005; additionally, domestic sales of hot-rolled coils increased 93 percent to 5.6 kn (10.4 km/h). Higher domestic sales volume reflected a growing trend in the Libyan market's demand and consumption rates for steel products, especially for rebar, which amounted to 138.6 kn (256.7 km/h).
Financial performance
Increased demand for reinforced steel in the domestic market and higher prices for steel worldwide helped to boost the profits of the Libyan Iron and Steel Company to over 100 million Libyan dinars (US$80.5 million) by the end of 2004.[14] The company's return on export sales in 2003 was $165 million, it rose to $275 million in 2004 and reached $250 million by 2005. Revenue from operating activities increased from approximately $300 million in 2003 to more than $435 million in 2004. According to Lisco's Chairman Mohamed Elmabruk, by the end of 2005, revenue had surpassed $400 million.[15]
See also
- Arcelor Mittal
- Steel in Africa
Notes
- ^ Report in the Arab Steel magazine Archived 2010-09-16 at the Wayback Machine
- ^ Africa Report Top Companies in Africa Archived November 2, 2006, at the Wayback Machine
- ^ a b P. Mobbs (2001) p.19.1
- ^ Midrex Report 2006
- ^ KT = Kiloton, one thousand tons
- ^ P. Mobbs (2005)
- ^ General Piping Company website Archived 2008-01-26 at the Wayback Machine
- ^ MIDREX DRI Series 500-Modules and one MIDREX HBI Series 500-Module
- ^ DRI - direct reduced iron
- ^ General Industrialization Corp. (2002a)
- ^ P. Mobbs (2001) p. 19.1
- ^ M.L. Lachge Arab Steel Producers 2005
- ^ according to a statement by General Manager Dr. Mohammad Zidan in Arab Steel magazine Archived 2010-10-17 at the Wayback Machine
- ^ The New York Times - Advertising Supplement Steelmaker moves from strength to strength July 10, 2005
- ^ Mohamed Elmabruk Interview (2006)
References
- Philip M. Mobbs (1998) The Mineral Industry of Libya
- Philip M. Mobbs (2001) The Mineral Industry of Libya
- Philip M. Mobbs (2005), Minerals Yearbook: Libya, USGS
- General Industrialization Corp. (2002a), Guide to the industrial investment in Libya: Future investment projects
- General Industrialization Corp. (2002b), Guide to industrial investment in Libya: Libyan Iron & Steel Company
- United World Interview: Mohamed Elmabruk (Lisco Chairman) Archived 27 October 2007 at the Wayback Machine (2006)
- Midrex Report: 4th Quarter 2006