State steelmaker El Fouladh nears financing for 330-million-dinar plan to triple output

A mission from the Islamic Development Bank visited El Fouladh's Bizerte site to review financing for a 330-million-dinar modernisation plan, the state steelmaker's chief executive Sami Kabtini said. The plan, which includes a new ladle furnace and continuous casting equipment, aims to roughly triple El Fouladh's production capacity and cut Tunisia's reliance on imported steel billets. The bank's own board still has to approve the loan.

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