Steel CC via Wikimedia
CAIRO 16 January 2021: Egyptian Member of Parliament Mustafa Bakri has submitted a request to House of Representatives, to question the government over the liquidation of the state-owned Iron and Steel Company.
On January 11, 2021, the General Assembly of the Helwan-based company took a decision to liquidate the company due to losses and huge debts.
Bakri said in his request to interrogate the Minister of Business Sector, saying the company, which was established in 1954, has been liquidated by an unfair decision stemming from a severe hostility by the current Minister of Business giants Public Business Sector.
The MP said that the government failed to produce coke necessary for operating the furnaces to sav…
Read the full article at: https://www.egypttoday.com/Article/3/96497/Egyptian-national-company-for-Iron-and-Steel-to-be-liquidated
