Arab Steel Summit
Arab Steel Summit

Egypt

Egypt: EGP 28.6 million in sales of the Iron and Steel Company to mines in June 2023

Iron and Steel Company for Mines and Quarries, affiliated to the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector, revealed that it achieved total sales of EGP 28.63 million in June. The Iron and Steel Company for Mines and Quarries said that the sales of Bahariya Oasis …

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Türkiye’s hot steel flats exports decreased by 32.8% from January to May 2023, including 3 Arab countries

In May this year, Türkiye’s hot rolled steel coils total exports increased by 25.8% compared to April but decreased by 39.8% year-on-year to reach 83,336 tonnes, according to the Turkish Statistical Institute (TUIK). The value of these exports amounted to $63.54 million, which increased 28.7% monthly but down by 56.7% compared to 2022. From January …

Türkiye’s hot steel flats exports decreased by 32.8% from January to May 2023, including 3 Arab countries Read More »

Egypt: $3.2 billion in building materials exports during January-May 2023

The Building Materials Export Council announced that the sectors’ total exports under the umbrella of the Export Council for Building Materials, Refractories, Metal Industries, and Construction and Building recorded from January to May 2023, 3.234 billion dollars, compared to 2022, with 3.183 billion dollars, an increase of 2%. The Export Council indicated that pipe exports …

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Egypt: Extending the anti-dumping duties decision implementation on steel imports from China, Turkey and Ukraine for four years

The Egyptian Ministry of Trade and Industry issued Decision N° 189 bis for 2023 regarding the dumping duties extension on steel imports from abroad for four years, provided it applies on 1st June 2023. The decision, published in the Official Gazette No. 122, continued on June 1, 2023, said in its first article that the …

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Egypt: “Ezz Steel” incurred 8.9 billion pounds in currency differences losses during the first quarter of 2023

Currency difference losses for the Egyptian Company “Ezz Steel” were exacerbated in the first quarter of this year, which incurred net losses of EGP 2.5 billion, despite a 50% increase in sales. The Company’s business results, issued today, revealed that the currency differences losses in the first quarter amounted to EGP 8.9 billion, which put …

Egypt: “Ezz Steel” incurred 8.9 billion pounds in currency differences losses during the first quarter of 2023 Read More »

Egypt: Iron and Steel Company for mines’ sales amounted to EGP 33.7 million in May 2023

Iron and Steel Company for Mines and Quarries (ISMQ) announced that it had achieved EGP 33,848,733 in sales in May, explained in the Egyptian Stock Exchange statement. Bahariya Oasis mines sales amounted to EGP 33,786,769 and Bani Khaled-Samalot quarries sales value reached about EGP 61.96 thousand. Sales and production reports for February 2023 revealed that …

Egypt: Iron and Steel Company for mines’ sales amounted to EGP 33.7 million in May 2023 Read More »

The last update of rebar prices in Egypt is on July 04, 2023

According to daily iron prices follow-up in Egypt, the rebar prices ranged between EGP 32,050– 38,000, EXW. All steel companies fixed their prices compared to last week. As the following steel companies announced their prices without changing their prices. Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, El Marakby Steel EGP …

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Talks between Egypt and India to establish green fuel projects in the Suez Canal area

Mr Walid Gamal El-Din, Head of the Economic Zone of the Suez Canal, and his accompanying delegation of members of the Economic Authority and a delegation of industrial developers of Sokhna and East Port Said met officials of Indian companies operating in the renewable energy and the manufacture of electric bicycles fields. Where the delegation …

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World crude steel production declined by 5.1% in May 2023 

According to the preliminary data announced by the World Steel Organization about world production (63 countries) during May 2023, crude steel production amounted to 161.6 million tonnes, a decrease of 5.1% compared to the production of May 2022. Africa produced 1.3 million tonnes in May 2023, up 18.6% from May 2022. Asia and Oceania produced …

World crude steel production declined by 5.1% in May 2023  Read More »

A report on the production, sales and prices of rebar in Egypt from January to April 2023

Egypt’s rebar production from January to April of this year amounted to 2.216 million tonnes, a decline of 25% compared to the same period last year when it produced 2.955 million tonnes, affected by the unavailability of raw materials. Egypt’s rebar sales from January to April 2023 amounted to about 1.766 million tonnes, declining by …

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Türkiye’s cold rolled steel coils imports increased by 26.8% from January to April 2023

According to data provided by the Turkish Statistical Institute (TUIK).In April this year, Türkiye’s cold rolled steel coils (CRC) imports increased by 37.9% compared to April 2022. However, it decreased by 10.9% compared to last March, reaching 66,359 tonnes. The value of these imports amounted to $51.52 million, a decrease of 9.8% compared to March …

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Arab Iron and Steel Union participates in the meeting of the 115th regular session of the “Council of Arab Economic Unity

Arab Iron and Steel Union participated in the opening session, of the 115th regular session of the “Arab Economic Unity Council” at the ministerial level at the headquarters of the League of Arab States in Cairo. The Secretary-General of the Council, Ambassador Muhammadi Ahmed Al -Ni, confirmed, “The effort and joining everyone must be made …

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Arab Iron and Steel Union participates in the AIST MENA Iron and Steel Technology Conference

The Arab Iron and Steel Union participated in the AIST MENA Iron and Steel Technology Conference, organized by the AIST MENA Iron and Steel Technology Association from 6-7 June 2023. The Union also participated as the only Arab media partner, believing in its societal role in supporting the iron and steel industry in all fields. …

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An agreement between Egypt and the UAE to establish a wind energy project at $10 billion

Abu Dhabi Future Energy Company “Masdar” and its consortium of partners, including “Infinity Power”, the largest renewable energy company in Africa, “Hassan Allam Utilities”, specializes in sustainable infrastructure investments, announced the signing of an agreement with the “New and Renewable Energy Authority” in Egypt. The aim is to provide a plot of land designated for …

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Egypt: 30.1 million pounds of iron and steel sales to mines in April

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in April, amounting to 30.11 million pounds. The company stated, in a statement to the Egyptian Stock Exchange, today, that the sales of Bahariya Oasis mines in March amounted to 30.07 million pounds. The company added that the sales value …

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Egypt National Steel profits- Ataqa jumped to 129 million EGP during the first quarter

The financial statements of Misr National Steel Company – Ataqa, during the first quarter of this year, showed an increase in the Company’s profits by 89.5% on an annual basis. The Company stated to the Egyptian Stock Exchange today that it achieved profits of 128.81 million EGP from January to the end of March 2023, …

Egypt National Steel profits- Ataqa jumped to 129 million EGP during the first quarter Read More »

World crude steel production declined by 2.4% in April 2023 

According to the preliminary data announced by the World Steel Organization about world production (63 countries) during April 2023, crude steel production amounted to 161.4 million tonnes, a decrease of 2.4% compared to the production of April 2022. Africa produced 1.3 million tonnes in April 2023, up 4.8% from April 2023. Asia and Oceania 121.1 …

World crude steel production declined by 2.4% in April 2023  Read More »