Angolan steel maker Siderurgia Nacional de Angola produces 40,000 tons of steel in 2009

24 September 2010

Luanda, Angola, 24 Sept – Angolan steel making company Siderurgia Nacional de Angola in 2009 produced a total of 40,000 tons of steel, following a public/private partnership signed in 2005, a public official said Thursday in Luanda.

The national director for studies and projects of the Ministry for Geology, and Mine and Industry, José Gonçalves told Angolan news agency Angop that the public/private partnership was part of the strategic plan to re-launch the national steel industry, approved by the government in 2003.

The government’s decision aimed to create conditions for replacing steel imports with domestic production, to provide a boost to professional training, create new jobs and increase the average rate of growth of the gross domestic product (GDP).

Gonçalves said that in the first year it was re-launched, the company achieved production of 32,000 tons of steel. (macauhub)