According to Ezz Steel Company’s report to the Egyptian Stock Exchange, local consumption of rebar decreased by 28% during the first half of 2023, reaching 2.8 million tons as a result of the economic crisis and price inflation. Actual production (reinforcing steel – wire rod) also decreased by 20%, reaching 3.567 million tons, and rebar …
According to iron prices daily monitoring in Egypt, rebar prices ranged between EGP 34,000 – and EGP 31,800 EXW. The companies that did not change prices are Ezz Steel EGP 32,135. Suez Steel, EGP 32,050, Beshay Steel, EGP 34,000, Egyptian Steel, EGP 32,050, and El-Garhy Steel, EGP 31,500. The companies that raised prices are El-Marakby …
The latest update on rebar prices in Egypt is October 18, 2023 Read More »
During the first half of this year, the consolidated financial statements of Ezz Steel showed the company’s shift from profitability to losses on an annual basis. The company explained in a statement to the Egyptian Stock Exchange today that it recorded net losses amounting to 809.77 million pounds during the period from January until the …
Ezz Steel turns to losses and incurs 809.8 million pounds in H1 2023 Read More »
The Egyptian Iron and Steel Company “under liquidation” announced that the liquidation surplus during the first half of this year amounted to EGP 1.148 billion. The Egyptian Iron and Steel Company said that the total liquidation revenues from January until the end of June 2023 amounted to about EGP 1.503 billion. The Egyptian Iron and …
According to final census data from the U.S. Department of Commerce, U.S. wire rod imports totalled 89,393 tonnes in August 2023, an increase of 25.1% from July and 27.3% from August 2022 levels. In terms of value, total wire rod imports reached $85.7 million in August 2023, compared to $71.2 million in July and $86.5 …
Today, President Abdel Fattah El-Sisi received Mr Gianpietro Benedetti, Chairman of the Board of Directors of the Italian company “Danieli”, in the presence of Prime Minister, Dr Mostafa Madbouly, Dr Hala El-Said, Minister of Planning and Economic Development, Engineer Mahmoud Esmat, Minister of the Public Business Sector. In addition to Major General Mokhtar Abdel Latif, …
According to the iron prices daily monitoring in Egypt, rebar prices ranged between EGP 34,000 and 30,000 EXW The companies that did not change prices are Ezz Steel EGP 32,135. Suez Steel, EGP 32,050. Beshay Steel, EGP 34,000, and Egyptian Steel, EGP 32,050. The companies that reduced prices are El Marakby Steel from EGP 32,000 …
The latest rebar prices update in Egypt is October 10, 2023 Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of August amounting to 24.183 million pounds. The company explained in a statement to the Egyptian Stock Exchange that sales of Bahariya Oasis mines during August amounted to 24.12 million pounds. She added that the sales value …
Egypt : 24.18 million pounds in iron and steel sales to mines in August Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 30,500 – 34,000, EXW. The companies that did not change prices are Ezz Steel, 32,135 pounds, Suez Steel, 32,050 pounds, Beshay Steel, 34,000 pounds, Al-Maraqby Steel, 32,000 pounds, Egyptian Steel, 32,050 pounds, Al-Garhy Steel, 32,000 pounds, and El-Gyoushi Steel, 31,000 …
Latest rebar prices update in Egypt is September 26, 2023 Read More »
The Arab Iron and Steel Union is scheduled to hold the first meeting of the Union’s Technical Committee on October 28 in Cairo, Egypt, coinciding with the 16th Arab Steel Summit and the 127th Board of Directors meeting at the Royal Maxim Palace Kempinski Hotel – Cairo. It is scheduled that during this meeting the …
Arab Iron and Steel Union holds the first technical committee meeting in Egypt Read More »
The Arab Iron and Steel Union held the seventh meeting of the Economic Committee in Cairo – Egypt in the period from 17 – 18 September, at the invitation of Ezz Steel Company, at the Four Seasons Hotel Nile Plaza Garden City. The committee meeting was attended by representatives of the following countries: Egypt – …
Arab Iron and Steel Union holds the seventh meeting of the Economic Committee in Cairo Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 31,500 – 34,000, EXW. The companies that did not change prices are Ezz Steel 32,135 pounds, Suez Steel 32,050 pounds, Beshay Steel 34,000 pounds, Al-Maraqby Steel 32,000 pounds, Egyptian Steel 32,050 pounds, El-Ashry Steel 32,500 pounds, El-Garhy Steel 32,000 pounds, …
Latest rebar prices update in Egypt is September 19, 2023 Read More »
The deal was concluded for $324 million to settle the debts of companies affiliated with the Beshay Group The “National Service Projects Agency” in Egypt acquired up to 24% of 3 companies affiliated with the “Beshay Steel” group in deals amounting to about EGP 10 billion ($324 million) to settle debts, according to two sources …
The National Service Authority in Egypt acquires 24% of 3 steel companies Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 30,900 – 34,000, EXW. Today Steel prices are as follows: Company Price in EGP Indicator w-w Ezz Steel 32,135 Suez Steel 32,050 Beshay Steel 34,000 El Marakby Steel 32,000 Egyptian Steel 32,050 Ashry Steel 32,500 Garhy Steel 32,000 Misr Steel …
Latest rebar prices update in Egypt is September 9, 2023 Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 31,500 – 34,000, EXW. Today Steel prices are as follows: Company Price in EGP Indicator w-w Ezz Steel 32,135 Suez Steel 32,050 Beshay Steel 34,000 El Marakby Steel 31,600 Egyptian Steel 32,050 Ashry Steel 33,000 Garhy Steel 32,000 Misr Steel …
Latest rebar prices update in Egypt is September 4, 2023 Read More »
The Egyptian Cabinet said in a statement that it approved a proposal from the Orascom Construction Alliance to establish renewable energy projects with a capacity ranging between 150 and 200 megawatts. According to Reuters, the alliance includes the French company Engie and the Japanese company Toyota Tsusho. The coalition has already developed a 262.5 MW …
Ezz Steel Group announced the flat steel prices for August, unchanged for the seventh month in a row, at 34,485 EGP per tonne, EXW, including value-added tax. Statement including VAT Flat Steel 34,485
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 32,050 – 34,000, EXW. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, and Egyptian Steel EGP 32,050 The companies that raised prices are Beshay Steel from EGP 33,000 to EGP 34,000, …
Latest rebar prices update in Egypt is August 29, 2023 Read More »
Despite the challenging economic environment, the Egyptian steel sector demonstrated surprising resilience. The country increased crude steel production in both July and the first seven months of 2023. Nevertheless, the pressure on mills has been growing day by day. Egypt produced 5.6 million t of crude steel in January-July 2023, indicating a 2% increase in …
Egypt ramps up steel production by 2% year-to-date Read More »
According to preliminary data announced by the World Steel Organization on world production (63 countries) in July 2023, crude steel production amounted to 158.5 Mt , a 6.6% increase compared to production in July 2022. Africa produced 1.4 Mt in July 2023, up 26.1% on July 2022. Asia and Oceania produced 119.9 Mt, up 9.1%. …
World crude steel production rises by 6.6% in July 2023 Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 31,500 – 33,000, EXW. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 33,000, El Marakby Steel EGP 31,500, Egyptian Steel EGP 32,050, Ashry Steel EGP 32,000 and Garhy …
Latest rebar prices update in Egypt is August 22, 2023 Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 64,178 mt in June 2023, down 8.2% from May and down 27.2% from June 2022 levels. By value, wire rod imports totaled $67.3 million in June 2023, compared to $74.9 million in May and $105.7 million in June …
US wire rod imports down 8.2 percent in June 2023 and Egypt Ranks Fifth Read More »
The Russian “Novestal M” Holding Company, which specializes in the reinforcing steel industry, informed the Egyptian government of its desire to expand in the Egyptian market during the next stage, by establishing a factory for it in Egypt, and intensifying cooperation in projects undertaken by the Egyptian state. The Egyptian Minister of Trade and Industry, …
The Russian Steel Company «Novestal M» intends to expand in Egypt Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 30,500 – 33,000, EXW. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 33,000, El Marakby Steel EGP 31,500, Egyptian Steel EGP 32,050, and Ashry Steel EGP 32,000. The …
Latest rebar prices update in Egypt is August 15, 2023 Read More »
The Board of Directors of the Chamber of Commerce in Cairo Governorate elected Ayman El-Ashry as Chairman of the Board of Directors of the Chamber by acclamation, with Sherif Yahya as First Deputy and Sayed El-Nawawy as Second Deputy, with Ashraf El-Shimy as General Secretary, and Salah El-Abd as Treasurer, and with him Ashraf Khader …
Election of Ayman El-Ashry as Chairman of the Cairo Chamber of Commerce Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 29,400 – 33,000, EXW. The companies that did not change prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, and Egyptian Steel EGP 32,050. While the companies that reduced prices are Beshay Steel EGP 38,000 to from EGP 33,000, …
Latest rebar prices update in Egypt is August 7, 2023 Read More »
Ezz Steel Company said that Ezz Dekheila Steel Company – Alexandria – affiliated – was able to obtain a long-term syndicated loan for a period of 6 years in foreign currency from a number of banks outside Egypt. The company added, in a statement to the Egyptian Stock Exchange today, Sunday, that the loan aims …
According to preliminary statistics data released by the US Department of Commerce, total US imports of rebar reached 193,326 tonnes in June 2023, up 171.5% from May and up 94.3% from June 2022 levels. In terms of value, total rebar imports amounted to $123.0 million in June 2023, compared to $47.6 million in May and …
Algeria and Egypt are the leading exporters of rebar to US in June Read More »
Within the framework of the activities of the Arab Iron and Steel Union, the General Secretariat, in coordination with the Cairo Regional Office, organized a program of visits for the delegation of the Libyan Iron and Steel Company to a group of steel companies in the Arab Republic of Egypt within the framework of the …
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of June, amounting to 28.63 million pounds. In a statement to the Egyptian Stock Exchange, the company stated that the sales of Bahariya Oasis mines during June amounted to 28.6 million pounds. She added that the value …
Egypt: 28.6 million pounds of iron and steel sales to mines during June Read More »