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Ethiopia: Government to Sell Scrap Metal to Steel Manufacturers

Ministry of Finance LogoThe Ministry of Finance announced that a decision had been made to sell scrap metal and out of service vehicles to steel manufacturing industries without resorting to a bidding process.

The scrap metal and out of service vehicles will be collected from federal offices, public development organizations, and State owned universities and allocated to companies according to the manufacturing capacity of the factory of each company. The selling price will be set according to the market conditions and type of the items.

The Ministry stated that it had set up a forum for discussion to have a general agreement on the allocation process.

Source: Fana BC