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Egypt’s IDA seeking removal of rebar from energy-intensive list

Egypt’s Industrial Development Authority (IDA) has is seeking the approval of the industry ministry for the removal of rebar manufacture from the list of energy-intensive industries, Daily News Egypt has reported. If approved, this would enable the IDA to approve demands of investors to directly expand rebar rolling mills without approval from the Supreme Council of Energy (SCE). Technical studies conducted by the authority concluded that rebar is not a high-energy consumption industry, and thus there should be no need for requests to be presented to the SCE for approval in order to establish rolling rebar mills, the IDA said.