Egypt : Iron and Steel for Mines achieves EGP 7.9m sales in July

The board of directors of Iron and Steel for Mines and Quarries approved the output and sales report for July.

The company’s sales amounted to EGP 7.91 million during July, according to a bourse disclosure on Tuesday.

Iron and Steel for Mines and Quarries is a spin-off company of the Egyptian Iron and Steel (Hadisolb).

During the first half (H1) of 2021, the company’s pre-tax profits amounted to EGP 26.47 million and the sales reached EGP 43.016 million.

In January, the extraordinary general meeting (EGM) of Hadisolb decided to liquidate its steel plant and spin off its mining operations.


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About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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92 Members

28 Board of Directors

17 Country

300.000 Employees

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