Libyan Iron and Steel Company - Exports

Exports

In 2003, Lisco exported 373 kn (691 km/h) of finished products (48.5% of production). 881 kn (1,632 km/h) of various products were exported in 2004, including 477 kn (883 km/h) of HBI (54% of exports) and 72 kn (133 km/h) of rebar. It is considered the only Arab company manufacturing this material. Flat products were 59% of exports in 2004. Europe received about 64.4% followed by Asian and Arab countries. Higher domestic demand for rebar resulted in exports declining to 20 kn (37 km/h) in 2004. Exports in the first half of 2005 was approximately 384 kn (711 km/h); mostly HBI (54%) and flat products (31.7%). Exports fell for long products (81%), flat products (20%) and HBI (5%). This drop is due to the fact that the company stopped exporting rebar as well as a global recession, which led to a demand contraction for iron and steel products, particularly hot-rolled coils and HBI. Exports in 2006 exceeded one million tons, including 449 kn (832 km/h) of flat products. During the first quarter of 2006 Lisco increased hot-rolled coils exports by 125% and exported sponge iron for the first time.