Egypt National Steel Company (Ataqa) has submitted a technical bid as part of the tender process for licenses to establish a continuous steel billet production facility with an annual capacity of 1.5 million tons.
The company stated that the General Authority for Industrial Development has approved its technical submission, allowing Ataqa to proceed to the bidding session scheduled for Sunday, August 10.
Ataqa reported a net profit of EGP 103.9 million in the first quarter of this year, up from EGP 60.9 million during the same period in 2024.
The company’s sales also saw significant growth, reaching EGP 2.02 billion compared to EGP 1.01 billion in the first quarter of last year.