Egypt - Misr National Steel (Ataqa) (ATQA) has purchased the tender specifications of the billets melting license with a capacity of 1.1 million tons, according to a statement filed to the Egyptian Exchange (EGX).

In case of winning the bid, the company would allocate a sum of EGP 3.5 billion to establish a new factory, Ataqa added.

Ataqa is currently studying all the details mentioned in the specifications, in order to bid for the license at the required time on February 15th, 2022.

The company has not determined the financing resources of this project yet.

ATAQA is an Egypt-based company engaged in the manufacture of reinforced steel bars according to Egyptian and international standards in different sizes and thicknesses.


Copyright © 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.