This move follows a complaint lodged by the European Steel Association (EUROFER), according to a company statement issued to the London Stock Exchange (LSE) on Monday.
The deals amounting to about EGP 10 billion pounds ($324 million) to settle debts, according to two unnamed sources who spoke to Ashraq Bloomberg.
The president wants to magnify efforts to support the heavy national industries sector as it plays a vital role in the ongoing development process in all sectors across Egypt.
