Algeria will invest $2 billion in steel mill

Algeria’s government will invest 2 billion dollars to Anna ba region al hajar (ElHadjar) steel mills and shandong, the national industrial vehicles company (SNVI) reconstruction project.

Northern Algeria cloth mir das province industrial and mining minister said AbdesslamBouchaoureb Boumerdes, $1 billion of which will be used in the country’s industrial company (SNVI) vehicles and equipment procurement. After examining the minister mir das province said, al hajar steel capacity utilization is only 10%, so the government has decided on their investment and nationalization. He added that the government will invest $1 billion for the modernization construction of the steel mills, the plant blast furnace will be resumed in March next year.