Libyan Iron and Steel Company Pursues Technological Advancements in Partnership with Danieli
The Libyan Iron and Steel Company, one of the key players in Libya's steel industry, has initiated talks with Italian steelmaking technology leader Danieli to modernize its operations. The discussions revolve around upgrading Lisco's slab casting machine and constructing a new pit furnace at Steel Plant 2, a strategic move to boost productivity and align with global industry standards.
Focus on Slab Casting and Pit Furnace
The primary goal of these negotiations is to improve Lisco's production efficiency and steel quality. One of the key technologies being considered is the slab casting machine, which plays a pivotal role in the steel production process. This machine solidifies molten steel into slabs, which are semi-finished products used in further manufacturing, such as rolling.
A slab casting machine operates by pouring molten steel into a mold, where it is cooled and solidified into a continuous form. The upgraded technology aims to enhance the casting process and improve the overall quality of the steel produced at Lisco's facilities.
Alongside the slab casting machine, a new pit furnace is planned as part of the modernization effort. A pit furnace is used to refine molten steel and control its temperature before casting. This technological upgrade is expected to reduce energy consumption while improving the casting process, which will have a direct impact on the quality of the final steel products.
Collaboration with Austrian Company Eltim
In addition to the discussions about upgrading casting machines and furnaces, Lisco, Danieli, and the Austrian industrial lighting company Eltim are reportedly planning to jointly create a new company. This venture would be responsible for constructing a new hot-rolled iron briquette plant in Misurata, Libya’s third-largest city. The plant will have an estimated annual production capacity of 2.4 million metric tons of iron briquettes.
The collaboration will leverage Lisco's existing infrastructure and expertise, providing a solid foundation for the construction of this new facility. The plant is expected to play a significant role in boosting the region's industrial capacity and reinforcing Misurata's status as Libya's industrial hub.
Strategic Importance of the Investment
The proposed modernization project is a critical part of Lisco's strategy to maintain its competitive edge in the global steel market. By investing in state-of-the-art technology from Danieli and collaborating with Austrian experts, Lisco aims to enhance its production capabilities, reduce environmental impacts, and meet growing demand for high-quality steel products.
These upgrades will help Lisco increase the efficiency of its steelmaking processes, reduce operating costs, and improve the environmental sustainability of its operations, positioning the company for future growth and success in the evolving steel industry.
Future Outlook
The modernization efforts at Lisco are set to have a significant impact not only on the company itself but also on the Libyan steel sector as a whole. By implementing cutting-edge technologies in slab casting and furnace design, Lisco hopes to contribute to the broader industrial development in Libya, with positive ramifications for employment, local economies, and the country’s industrial infrastructure.
Through this partnership with Danieli and Eltim, Lisco is laying the groundwork for a new chapter in Libya’s steel industry, one focused on technological advancement, increased efficiency, and improved product quality.
