According to data collected from the Arab Iron and Steel Union, Egypt’s production of rebar in 2023 declined by 4.1% compared to production in 2022, reaching 8.045 million tons, as the first half of 2023 witnessed a decline of 19.6% compared to the same period in 2022, while the second half witnessed an improvement. By …
Production and sales of rebar in Egypt declined and its prices rose Read More »
The Egyptian Algioshy Steel Group announced the completion of its acquisition of the Arabian Steel Industries Company, which is headquartered in the Suez Canal Economic Zone in Ain Sokhna. Algioshy Group said in a statement that a new board of directors for Arabian Steel Company is scheduled to be formed within days, headed by Tarek …
Egypt: “Algioshy Steel” acquires “Arabian Steel Industries” Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 49,920 – EGP 54,000. The prices were as follows: Ezz Steel EGP 53,520, Suez Steel EGP 53,520, Bishay Steel EGP 54,000, El Marakby Steel EGP 53,520, Egyptian Steel EGP 49,920 , Ashry Steel EGP 53,000, Garhy Steel EGP 53,300, Misr Steel EGP …
Ezz Steel Company announced the prices of rebar starting from February 21, 2024, to become EGP 53,520 per ton, an increase of EGP 3,600. And flat steel, EGP 57,340 per ton, a decrease of EGP 3,600 compared to the prices of the first of February, price over EXW, including value-added tax. Statement including VAT Rebar …
Egypt: Ezz Steel announces the prices of rebar and flat steel Read More »
The Board of Directors of the Iron and Steel Company for Mines and Quarries approved the estimated budget for the next fiscal year 2024-2025. The company said in a statement to the Egyptian Stock Exchange. It aims to achieve a net profit after taxes of about 447.9 million pounds during the next fiscal year. It …
Egypt: Iron and Steel Mines targets 447.9 million pounds in profits during 2024-2025 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 49,000 – EGP 54,000. The prices were as follows: Ezz Steel EGP 49,920, Suez Steel EGP 49,920, Bishay Steel EGP 54,000, El Marakby Steel EGP 49,920, Egyptian Steel EGP 49,920 , Ashry Steel EGP 49,500, Garhy Steel EGP 49,750, Misr Steel EGP …
The latest rebar prices update in Egypt, February 18, 2024 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 42,900 – EGP 49,920. The prices were as follows: Ezz Steel EGP 49,920, Suez Steel EGP 49,920, Bishay Steel EGP 42,900, El Marakby Steel EGP 49,920, Egyptian Steel EGP 49,920 , Ashry Steel EGP 49,500, Garhy Steel EGP 49,750, Misr Steel EGP …
The latest rebar prices update in Egypt, February 11, 2024 Read More »
Rebar prices in Egypt witnessed a decline after rising at the beginning of the week, as a result of foreign currency rates in the parallel market. It decreased between EGP 5,250 – EGP 10,200 compared to prices at the beginning of the week. The prices were as follows: Ezz Steel EGP 49,920, Suez Steel EGP …
Ezz Steel Company announced the prices of rebar starting from February 5, 2024, to become EGP 49,920 per ton, aa decrease of EGP 5,360. And flat steel, EGP 53,740 per ton, a decrease of EGP 5,360 compared to yesterday price over EXW, including value-added tax. Statement including VAT Rebar 49,920 Flat Steel 53,740
The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 1750 – EGP 11,700 compared to last week. As prices this week ranged between EGP 42,900 – EGP 59,700 compared to prices last week. Which ranged between EGP 42,900 – EGP 55,280,EXW. The prices were as follows: Ezz Steel …
The Minister of Public Business Sector, Dr. Mahmoud Esmat, toured the factories of El-Nasr Steel Pipe Manufacturing Company. Which included the three main sectors for the production of longitudinally and spirally welded pipes. The stages of the production process in each sector, and the extent of commitment to the availability of a sufficient stock of …
El Nasr Pipes adds a new production line for seamless pipes Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last December amounting to 39.3 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines in December amounted to 39.28 million pounds. The Company added that the sales value …
39.3 million pounds in iron and steel sales to mines and quarries in December Read More »
An agreement was signed between the Metallurgical Industries Holding Company and the Chinese Shengli (Fujian) Investment and Development Company Limited to manage and operate billet production factories at the Delta Steel Company, within the framework of the general direction of supporting local manufacturing, increasing production, developing and modernizing the industry, and the strategy of the …
Signing an agreement to manage and operate Delta Steel factories at maximum capacity Read More »
The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 1,500 – EGP 6,980 compared to last week, as prices this week ranged between EGP 42,900 – EGP 55,280 compared to prices last week, which ranged between EGP 42,900 – EGP 48,500,EXW. The prices were as follows: Ezz Steel …
Ezz Steel Company announced the prices of flat steel starting from January 27, 2024, to become EGP 59,100 per ton, an increase of EGP 9,800 over the prices of last week, month, EXW, including value-added tax. Statement including VAT Flat Steel 59,100
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 135.7 million tonnes (Mt) in December 2023, a 5.3% decrease compared to December 2022. Africa produced 1.9 Mt in December 2023, up 17.7% on December 2022. Asia and Oceania produced 96.4 Mt, down 9.7%. The EU (27) produced 9.1 …
World crude steel production declined in December Read More »
The Ministry of Trade and Industry in Egypt said that there is no study on canceling dumping duties on imports of rebar originating from or exported from Turkey, Ukraine, and China, as reported in the media. She said in a statement on Tuesday: “There is no study to amend the applicable fees or cancel them, …
The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 3,000 – EGP 6,500 compared to last week, as prices this week ranged between EGP 42,900 – EGP 48,500 compared to prices last week, which ranged between EGP 41,000 – EGP 44,500 ,EXW. The prices were as follows: Ezz …
Ezz Steel Company announced the prices of flat steel starting from January 20, 2024, to become EGP 49,300 per ton, an increase of EGP 3,800 over the prices of last week, month, EXW, including value-added tax. Statement including VAT Flat Steel 49,300
The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 500 – EGP 2700 compared to last week, as prices this week ranged between EGP 41,000 – EGP 44,500 compared to prices last week, which ranged between EGP 40,500 – EGP 42,900 ,EXW. The prices were as follows: Ezz …
Ezz Steel Company announced the prices of flat steel to reach EGP 45,500 per ton, an increase of EGP 2,500 compared to the prices of the beginning of this month, EXW, including value-added tax. Ezz Steel Company announced the prices of flat steel starting from January 14, 2024, to become EGP 45,500 per ton, an …
Egypt: Ezz Steel announces new prices for flat steel Read More »
During his visit to the Suez Canal Economic Zone, Prime Minister Dr. Mostafa Madbouly. On Thursday, January 11, a visit to the Ezz Steel Factory in Ain Sokhna. The Prime Minister was accompanied during the visit by Lieutenant General Kamel Al-Wazir, Minister of Transport, and Mr. Walid Gamal El-Din, Chairman of the Economic Authority for …
The Prime Minister visits the Ezz Steel in Ain Sokhna Read More »
In early 2023, Al Marakby Steel Company commissioned SMS Group to evaluate the company’s melt shop and by early November 2023, the evaluation was completed. The overall goal of the evaluation was to improve production and performance to reduce the plant’s need for additional processing, which facilitated a 10% increase in production. As market demands …
Rebar prices for most companies in Egypt witnessed stability this week compared to last week. as prices ranged between EGP 40,500 – EGP 42,900 EXW. The prices were as follows: Ezz Steel EGP 42,000 , Suez Steel EGP 41,850 , Bishay Steel EGP 42,900, El Marakby Steel EGP 42,200 , Egyptian Steel EGP 41,800 , …
The latest update on rebar prices in Egypt is January 08, 2023 Read More »
This week witnessed an increase in the prices of rebar for all companies in Egypt, as prices ranged between EGP 40,500 – EGP 42,900 EXW, with an average increase of about EGP 3,500 compared to last week. The prices were as follows: Ezz Steel EGP 42,000 , Suez Steel EGP 41,850 , Bishay Steel EGP …
The latest update on rebar prices in Egypt is January 02, 2023 Read More »
Ezz Steel Company announced the prices of flat steel starting from January 2024, reaching EGP 43,000 per ton, an increase of EGP 3,500 over last month’s prices, factory delivery, including value-added tax. Statement including VAT Flat Steel 43,000
The meeting of the 116th regular session of the Council of Arab Economic Unity was held today at the ministerial level, with the participation of a number of representatives of Arab countries, the presence of representatives of specialized Arab federations, and the participation of the Arab Iron and Steel Union. Ambassador Mohammadi Ahmed El-Ni, Secretary-General …
According to the daily monitoring of steel prices in Egypt, the prices of rebar ranged between EGP 37,000 EGP 40,800 EXW. This week witnessed an increase in the prices of most companies, Suez Steel from EGP 36,000 to EGP 38,500 , El Marakby Steel from EGP 38,000 to EGP 39,750 , Egyptian Steel from EGP …
The latest update on rebar prices in Egypt is December 25, 2023 Read More »
Foreign trade data showed that Egypt’s imports of raw materials of iron, steel, iron ore and their concentrates in January-September 2023 amounted to $4.163 billion, a decline of 25.5% compared to the same period in 2022, which amounted to $5.589 billion. The value of Egypt’s imports of iron or steel raw materials declined to reach …
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 145.5 million tonnes (Mt) in November 2023, a 3.3% increase compared to November 2022. Africa produced 1.8 Mt in November 2023, up 3.1% on November 2022. Asia and Oceania produced 104.8 Mt, up 2.2%. The EU (27) produced 10.6 …
World crude steel production increased by 3.3% in November 2023 Read More »