China’s Hebei considers building iron plant in Egypt’s Ain Sokhna

Hebei Steel Group, China’s biggest steelmaker by output, is considering building an iron plant in Egypt’s Red Sea port of Ain Sokhna.

The plant will be built on a vast area of land plot, said Mohamed Shabaan – vice chairman of Suez Canal Economic Zone (SCZone) – after receiving an official delegation of the Chinese group on Wednesday.

The delegation – who visited the site of SCZone – reviewed the licencing procedures and requirements of feasibility and financial studies on the plant project, Shabaan added.