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Algeria |
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Latest Algerian Steel News
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Lower Steel Beams prices in North Africa
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In Tunisia and Algeria, Spanish mills Aceralia (Arcelor group) are reported to have decreased price for their medium size range of beams ipe, hea and heb at 465 to 470 Euro/t CFR North African ports. |
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New bids in for rail track , inclusive 20 steel bridges.
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Four international groups have submitted bids for the upgrade of 360 kilometers
of track linking Mecheria and Bechar. SNTF relaunched the tender in July, since
bids for the about US$400 million project were above budget earlier this year.
SNTF hopes to award the project end this year. The selected group will replace
existing narrow track with modern, standard track and construct five stations,
20 steel bridges and two maintenance workshops. |
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Ispat Annaba to start new bar mill in October
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Ispat Annaba intends to invest about 140 million US$ during the next years. Investments include commissioning of the 400KT /year bar mill, pollution control, and other equipment improvements. The bar mills is expected to come on stream in October 2003, and will mainly cater to the Algerian market. |
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365km rail track and 20 steel bridges - tender relaunched
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SNTF relaunched a tender on 6-7-2003, to upgrade 365 kilometres of track between
Mecheria, and Bechar in West Algeria. Orascom from Egyptwas the low bidder at $475 million for the original contract which was tendered earlier this year, but the value was considerably above SNTF’s budget. Bids are due by 22 September. The project includes a.o. replacing the 100-year-old rails with modern standard rails, and 20 steel bridges. |
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Bids out for 14 km steel rail track
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SNTF on 30 June received two bids for the contract to build a 14-kilometre line
between Tizi Ouzou and Oued Aissi. Algerian Etrhib with Turkish Tekser, Aydeniz and Ozgun, are low bidders for the project at $74 million. Astaldi from Italy submitted the other bid at US$108 million. |
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IFC Investment In Ispat Annaba Will Help Protect Jobs And The Environment
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The International Finance Corporation, the private sector arm of the World Bank
Group, has signed an agreement to provide a $25 million loan to Ispat Annaba,
Algeria's sole integrated steel producer. The loan will help finance the
company's investment program to modernize operations and improve its
environmental performance. Ispat Annaba was formed in October 2001 to acquire the assets of SIDER, a state-owned holding company. It is located in the port city of Annaba, in eastern Algeria, and manufactures a wide variety of long and flat steel products. The company's largest shareholder and project sponsor is LNM Holdings, part of the LNM Group, with a 70 percent stake. "IFC's investment will support the government's ongoing privatization program by improving the performance of Algeria's largest and most successful privatization to date" said Sami Haddad, IFC's director for the Middle East and North Africa. The modernization program will generate major benefits for Algeria by helping preserve 12,000 jobs and meet the needs of the country's growing economy. LNM's strong commitment to increasing employee training and skills development will raise the technical capacity of the plant's Algerian staff. In addition, environmental performance is expected to reach world-class standards at both the manufacturing as well as associated mine facilities. |
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