The Libyan Iron and Steel Company is one of the largest companies in the great Jamahiriya with an annual designed capacity of 1,324,000 ton of liquid steel . The company is situated near the coastal city of Misurata , about 210km east of Tripoli on an area of 1,200 hectares . The leader of the great Al-fatah Revolution layed the foundation stone of the company on the 18th of September 1979 . During the festivities of the 20th anniversary of the great revolution , inaugurated the production plants and the company entered the production stage.