THE ROLE OF IRON AND STEEL INDUSTRYFOR ACHIEVING THE INDUSTRIAL DEVELOPMENT IN LIBYA

Abstract

Developing countries are seeking to adopt industrial programs that emerge from comprehensive strategies for the industrial development. Iron and steel industry is considered the cornerstone of the integration of society, and the degree of progress of any country is measured by the production and consumption of iron and steel. This study aims to highlight the dimensions of industrial development and the advancement of the industrial sector in Libya. It has been achieved by analyzing the economic state in the field of iron and steel industry and its developmental effects on the economy of Libya.

The study concluded by noting the importance to the iron and steel industry in the Libyan economy in its ability to influence the other sectors and the expected profits; It also has an impact on the national output and achieves the effects on the sectors that are related to it. It is crucial for the need to diversify Libya from its economy to reduce dependence on oil and achieve sustainable industrial development