Reportedly, Egyptian Steel, a joint venture between Egypt and Qatar has made it public of its plans to gain the market share of 20% to 25% of Egypt's steel market after commencing production in full of its production facilities.

It's learned that a part of the firm's growing plans is to go public by offering part of its shares in the stock exchange.

According to the top official of the company, Egyptian Steel is currently in discussions with an international company to manage the initial public offering (IPO).

For the time being, Egyptian Steel is in process of constructing a steel plant in the governorate of Beni Suef with total investment amounting to EGP1.5 billion with schedule to start production by 2014.