Production Performance
In 2003, Lisco produced 835 kn (1,546 km/h) of long and flat products (444kt long products; 391 kn (724 km/h) of flat products), including 412 kn (763 km/h) of rebar, 391 kn (724 km/h) of hot-rolled coils, and 412 kn (763 km/h) of HBI. Production of long and flat products grew 18% in 2004; mainly rebar (460kt); hot-rolled coils (429kt) and HBI (606kt). Lisco produced over 574 kn (1,063 km/h) of finished products in the first half of 2005, increasing 65% over the first half of 2004. The company also increased liquid steel production 52%. Rebar was 57.3% of finished products, hot-rolled coils was 39.3%. Sponge iron production was 579.407 tons, 348.243 tons of HBI, 376.239 tons of billets and blooms and 281.832 tons of slabs. During the first nine months of 2005, Lisco reached its highest production ever; 1 million tons of liquid steel. This was confirmed by Secretary of the Popular Committee, Dr. Mohammad Abu Ojeila Al-Mabrouk at celebrations in September 2005 on the occasion of the passage of 15 years since the company’s mills began production, which concurs with the anniversary of the Al-Fatah Revolution in Libya. In 2005, Lisco achieved the highest rate of increase in steel production among Arab companies, which amounted to 34.8%. Its production increased by 65% in the period from January to June 2005 compared with the same period of 2004. Production of both long and flat products was 1.070 tons in 2006. Flat products achieved a new output record for the company of 564kt, 13% higher than 2005. Production of bars and rods was 26% lower than 2005. Long product sales were 642 kn (1,189 km/h) in 2006, a sizeable increase from 634 kn (1,174 km/h) in 2005, forcing the company to import 168 kn (311 km/h) of long products, mostly from Ukraine.
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