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A shareholder reduces his stake in Ezz Steel’s capital by 374.84 million pounds

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Mubasher Securities and Bonds Trading Company said that shareholder Jamal Abdul Qader Abdul Basir reduced his stake in the capital of Ezz Steel Company from 5.85% to 4.99%. The company explained in a statement today, Thursday, that Gamal Abdel Qader sold 4.67 million shares of Ezz Steel, with a total value of the deal amounting …

A shareholder reduces his stake in Ezz Steel’s capital by 374.84 million pounds Read More »

Egypt signs a huge agreement with a Saudi company worth $4 billion

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Egyptian bodies signed an agreement with the Saudi company “CoPower” to develop a green hydrogen project, with investments exceeding $4 billion, in the Suez Canal Economic Zone. The signing was made between the Sovereign Fund of Egypt, the Suez Canal Economic Authority, the Egyptian Electricity Transmission Company, the New and Renewable Energy Development and Utilization …

Egypt signs a huge agreement with a Saudi company worth $4 billion Read More »

Egypt: 28.3 million pounds in iron and steel sales to mines in October

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The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last October amounting to 28.29 million pounds. The company explained, in a statement to the Egyptian Stock Exchange, that sales of Bahariya Oasis mines in September amounted to 28.23 million pounds. She added that the sales value of the …

Egypt: 28.3 million pounds in iron and steel sales to mines in October Read More »

Egypt: Continuing the export duty on scrap steel and raising it to 6,000 pounds per ton

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Engineer Ahmed Samir, Minister of Trade and Industry, decided to continue implementing Ministerial Resolution No. 605 of 2022 regarding imposing an export duty on a type of scrap and waste from stainless steel alloys, customs item (7204.21). The second article of the decision stipulated amending the export fee imposed in the previous decision, to be …

Egypt: Continuing the export duty on scrap steel and raising it to 6,000 pounds per ton Read More »

“Ezz Steel”: 1.9 billion pounds in losses in the first nine months of 2023

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In the nine months of 2023, Ezz Steel recorded total profits for the period, amounting to 27.9 billion pounds. The company explained in a press statement, today, Monday. That it recorded consolidated net losses amounting to 1.9 billion pounds in the period from January until the end of September 2023, compared to profits worth 5.7 …

“Ezz Steel”: 1.9 billion pounds in losses in the first nine months of 2023 Read More »

Egypt’s climate envoy: International financing can help decarbonize heavy industries

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Climate pioneer Mahmoud Mohieldin said that the financing plan, which relies on funding from Western donors to help developing countries switch to cleaner energy generation, can be replicated in heavy industries and other sectors where it is difficult to mitigate emissions. Mohieldin, who serves as climate lead for the Egyptian presidency of the UN Climate …

Egypt’s climate envoy: International financing can help decarbonize heavy industries Read More »

World crude steel production increased by 0.6% in October 2023

News, steel Statistics / By

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 150.0 million tonnes (Mt) in October 2023, a 0.6% increase compared to October 2022. Africa produced 1.9 Mt in October 2023, up 3.5% on October 2022. Asia and Oceania produced 108.8 Mt, up 0.8%. The EU (27) produced 10.6 …

World crude steel production increased by 0.6% in October 2023 Read More »

Egypt’s iron and steel exports increased to $1.7 billion in 9 months

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Exports of Egyptian building materials, refractories, metal industries, and construction increased for the period from January to September 2023 to achieve a value of 6 billion and 279 million dollars compared to the same period in 2022 when they recorded a value of 5 billion and 228 million dollars, an increase of 20%. Egypt’s iron …

Egypt’s iron and steel exports increased to $1.7 billion in 9 months Read More »

Arab Iron and Steel Union participates in the 58th regular meeting of the Arab specialized federations

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The 58th regular meeting of the specialized Arab federations operating within the framework of the Council of Arab Economic Unity of the League of Arab States was held today in the city of Cairo – Arab Republic of Egypt, with the participation of the Arab Iron and Steel Union. In their speeches, the attendees affirmed …

Arab Iron and Steel Union participates in the 58th regular meeting of the Arab specialized federations Read More »

Report : Production, sales, and prices of rebar in Egypt in January to September 2023

News, Public Reports / By

According to data collected from the Arab Iron and Steel Union, Egypt’s production of rebar during the period from January to September of this year amounted to 5.753 million tons, a decline of 10.2% compared to the same period last year, which amounted to 6.405 million tons. The first half of this year witnessed a …

Report : Production, sales, and prices of rebar in Egypt in January to September 2023 Read More »

Egypt: Ezz Steel announces new prices for flat steel

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Ezz Steel Group announced new prices for flat steel after prices remained unchanged for about 9 months and prices rose from 34,485 EGP to 37,000 EGP per tonne, factory delivery, including value-added tax. Statement including VAT Flat Steel 37,000

Egypt: 15.7 million pounds in iron and steel sales to mines in September

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The company explained in a statement to the Egyptian Stock Exchange that sales of Bahariya Oasis mines during September amounted to 15.69 million pounds. She added that the sales value of the Bani Khaled-Samalut quarries recorded about 32.43 thousand pounds. It is noteworthy that iron and steel for mines and quarries achieved 127.81 million pounds …

Egypt: 15.7 million pounds in iron and steel sales to mines in September Read More »

Türkiye’s consumption of steel products increased by 18.5% in January-September 2023

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In September 2023, Turkey’s consumption of steel products increased by 30.3% compared to September 2022, reaching 2.8 million tons, according to data from the Turkish Steel Producers Association (TDCU). Steel production in Turkey in September reached 2.89 million tons, an increase of 8.4% compared to September 2022. Steel product exports for the month decreased by …

Türkiye’s consumption of steel products increased by 18.5% in January-September 2023 Read More »

The latest update on rebar prices in Egypt is November 08, 2023

News / By

According to iron prices daily monitoring in Egypt, rebar prices ranged between EGP 34,000 – and EGP 31,500 EXW. The companies that did not change prices are Ezz Steel EGP 32,135. Suez Steel, EGP 32,050, El-Marakby Steel, EGP 32,000 and El-Garhy Steel, EGP 31,500. The companies that raised prices are Beshay Steel, EGP 39,900, Egyptian …

The latest update on rebar prices in Egypt is November 08, 2023 Read More »

US rebar imports down 64.1 percent in September with Egypt and Algeria in the lead

News / By

According to preliminary data from the US Department of Commerce, total US imports of rebar reached 55,531 tons in September 2023, down 64.1% from August and 48.6% from September 2022 levels. In terms of value, total rebar imports reached $33.7 million in September 2023, compared to $93.8 million in August, and $82.9 million in September …

US rebar imports down 64.1 percent in September with Egypt and Algeria in the lead Read More »

Egypt: The business sector is discussing with the Chinese “Shengli” cooperation in developing Delta steel

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Mahmoud Esmat, Minister of the Public Business Sector, discussed with Cheng Chuite, Chairman of the Board of Directors of the Chinese Shengli Group of Companies, and the delegation accompanying him, aspects of cooperation and ways of partnership to continue the Delta Steel Company development project, increase operation, reach production to maximum capacity, and add new …

Egypt: The business sector is discussing with the Chinese “Shengli” cooperation in developing Delta steel Read More »

Arab Steel Summit calls for the creation of an alternative Arab regional market in light of the global environmental restrictions

AISU, News / By

The 16th Arab Steel Summit was held last Sunday in the Arab Republic of Egypt, which was organized by the Arab Iron and Steel Union in cooperation with Ezz Steel, under the patronage of His Excellency the Minister of Trade and Industry, Eng. Ahmed Samir. It is the largest and most important event for steel …

Arab Steel Summit calls for the creation of an alternative Arab regional market in light of the global environmental restrictions Read More »

16th Arab Steel Summit: A visit to Ezz Steel Company in Ain Sokhna

AISU, News / By

On the third day of the 16th Arab Steel Summit activities, Ezz Steel Company organized a visit to Ezz Steel Company in Ain Al-Hajah, where they listened to a comprehensive explanation of the production process from the stage of reducing iron ore in direct reduction factories and converting it into high-purity iron, as well as …

16th Arab Steel Summit: A visit to Ezz Steel Company in Ain Sokhna Read More »

Electing Dr. Othman Al-Malaki as Chairman of the Technical Committee of the Arab Iron and Steel Union, and Eng. Mohamed Fouad Imam as Deputy

AISU, News / By

The first meeting of the Technical Committee of the Arab Iron and Steel Union was held today at the Royal Maxim Palace Kempinski Hotel in Cairo – Arab Republic of Egypt. It is a procedural meeting where the internal law of the Technical Committee was approved and Dr. Othman Al-Malaki, Executive Director of the Technology …

Electing Dr. Othman Al-Malaki as Chairman of the Technical Committee of the Arab Iron and Steel Union, and Eng. Mohamed Fouad Imam as Deputy Read More »

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