The financial indicators of the Iron and Steel Company for Mines and Quarries showed an increase in profits by 325% during the first nine months of the current fiscal year. The company said in a statement to the Egyptian Stock Exchange today that it recorded profits after taxes amounting to 97.76 million EGP from July …
Egypt : Profits of iron and steel for mines triple in 9 months Read More »
According to the daily follow-up of steel prices in Egypt, rebar steel prices ranged between 32050 EGP – 39500EGP, EXW, as a number of companies kept the steel prices unchanged, while some others reduced them compared to last week. Ezz Steel prices reached 32,135 EGP and Suez Steel 32,050 EGP and El -Marakby 38,500 EGP, …
The latest update on rebar steel prices in Egypt is May 16, 2023 Read More »
According to the daily follow-up of iron prices in Egypt, the prices of reinforcing steel ranged between 32,050 EGP- 39,500 EGP , EWX , as some companies fixed rebar prices, while some companies reduced rebar prices compared to last week. Ezz Steel prices amounted to 32,135 EGP, Suez Steel 32,050 EGP, Beshay Steel 38,500 EGP, …
The latest rebar price update in Egypt is on 8 May 2023 Read More »
Iron and Steel Company for Mines and Quarries announced that it achieved total sales during March, amounting to 33.14 million EGP. In a statement to the Egyptian Stock Exchange today, the Company stated that Bahariya Oasis mines sales in March amounted to 33.1 million EGP. The Company added that Bani Khaled-Samalot quarries’ sales value amounted …
Egypt: 33.1 million EGP of iron and steel sales to mines during March Read More »
According to the daily follow-up of iron prices in Egypt, rebar steel prices ranged between 32,050/40,600 EGP, EWX, as some companies fixed or raised their prices compared to last week. Ezz Steel prices amounted to 32,135 EGP, Suez Steel 32,050 EGP, Beshay Steel 38,500 EGP, El Marakby Steel 38,500 EGP, Egyptian Steel 32,050 EGP, Garhy …
The latest update on rebar prices in Egypt is “May 1, 2023” Read More »
Ezz Steel Group announced the flat steel prices for May, unchanged for the third 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 steel prices in Egypt, rebar steel prices ranged between 32,050 EGP – 38,760 EGP, EXW, as prices were fixed compared to last week. Ezz Steel prices amounted to 32,135 EGP, Suez Steel 32,050 EGP , Beshay Steel 38,500 EGP , Elmarakby Steel 38,500 EGP , Egyptian Steel 32,050 EGP , …
The latest rebar price update in Egypt is on 26 April 2023 Read More »
According to preliminary data announced by the World Steel Organization on world production (63 countries) during March 2023, crude steel production amounted to 165.1 million tonnes, an increase of 1.7% compared to March 2022 production. Africa produced 1.4 million tonnes in March 2023, an increase of 8.4% compared to March 2022. Asia and Oceania 124.8 …
World crude steel production increased by 1.7% in March 2023 Read More »
The Ordinary General Assembly of the 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, announced the approval of its estimated budget for the next fiscal year 2023-2024. The Iron and Steel Company for Mines and Quarries …
Egypt: Iron and steel mines target 145 million EGP in profits during 2023/2024 Read More »
According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 32,050 EGP – 38,760 EGP , the factory land was delivered, as some companies fixed their prices and others raised their prices compared to last week. The prices of Ezz Steel amounted to 32,135 EGP , Suez Steel 32,050 …
The last update of rebar prices in Egypt is April 18, 2023 Read More »
Engineer Mahmoud Esmat, Minister of Public Enterprise Sector, confirmed in a statement today that the ministry is seeking partnership with the private sector within the framework of the state ownership policy document, and that there is a clear investment map for projects and sectors, explaining that there is a directive to open the field and …
The International Monetary Fund has slightly lowered its global growth forecast for 2023 as the pace of interest rate hikes slows, but warned that severe financial system disruptions could drive output to near-stagnation levels. The fund stated in its latest report on global economic prospects that the risks of spreading infection in the banking system …
IMF forecasts for the economies of Arab countries for the year 2023 Read More »
According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 32,050 EGP – 38,500 EGP, as some companies fixed their prices and some raised their prices compared to last week. The prices of Ezz Steel amounted to 32,135 EGP , Suez Steel 32,050 EGP, Beshay Steel 38,500 EGP , …
The last update of rebar prices in Egypt is April 10, 2023 Read More »
During 2022, Egypt’s rebar steel consumption increased to 7.895 million tonnes, compared to a consumption volume of 7.344 million tonnes in 2021, with a growth rate of 8%, as a result of the increase in consumption directed to private construction. However, high inflation rates began to limit this. The consumption rate in the fourth quarter …
During the past year, the consolidated financial statements of Ezz Steel Company showed an increase in the company’s profits by 23.19% on an annual basis. In a statement to the Egyptian Stock Exchange, the company stated that it achieved profits amounting to 6.64 billion pounds during 2022, compared to profits amounting to 5.39 billion pounds …
Ezz Steel profits rise 23% to EGP 6.6 billion in 2022 Read More »
According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 27,000 EGP – 38,500 EGP , as some companies raised their prices compared to last week. The prices of Ezz Steel amounted to 32,135 EGP , Suez Steel 32,050 EGP , Beshay Steel 38,500 EGP , Elmarakby Steel 34,000 …
The last update of rebar prices in Egypt is April 03, 2023 Read More »
The Ministry of Higher Education announced that the Central Metallurgical Research and Development Institute, under the auspices of Dr Ayman Ashour, Minister of Higher Education, and Scientific Research, signed a protocol for cooperation with a private company affiliated with the Holding Company for Chemical Industries to provide scientific and technical consultations and train cadres in …
According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 27,000 EGP – 38,500 EGP , as some companies raised their prices compared to last week, Beshay Steel from 29,000 EGP to 38,500 EGP , Elmarakby Steel from 29,500 EGP to 34,000 EGP , Ashry Steel from 29,500 EGP …
The last update of rebar prices in Egypt is March 27, 2023 Read More »
Dr Ahmed Samir Saleh, Minister of Trade and Industry, issued a decision to renew the ministry’s decision banning the export of some types of scrap, raw materials, and dashed paper, which bore No. 190 of 2022, which was issued on October 1, 2022, for six months, and ends next April. With this decision, the aforementioned …
Egypt extends the ban on exporting iron scrap until April 2024 Read More »
According to preliminary data announced by the World Steel Association (worldsteel) about World crude steel production (63 countries) in February 2023 was 142.4 million tonnes (Mt) in February 2023, a 1.0% decrease compared to February 2022. Africa produced 1.1 million tonnes in February 2023, down 11.9% from February 2022, and Asia and Oceania produced 106.6 …
World’s crude steel production declined by 1.0% in February 2023 Read More »
Dr Mostafa Madbouly, Prime Minister, held, on Wednesday evening, a meeting with officials of the Chinese companies “TEDA” and “Xin Xing” to review a project for cast iron pipes production and a steel plant with investments amounting to $ 2 billion within the “TEDA Cooperation” area within the scope of the economics region of the …
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 36,000 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 32,135 Suez Steel 32,050 Beshay Steel 29,000 El-Marakiby Steel 29,500 Egyptian Steel 32,050 Ashry Steel 29,500 Garhy Steel 27,000 Misr Steel 36,000 El …
The last update of rebar prices in Egypt is March 20, 2023 Read More »
Ezz Steel announced the prices of flat steel as of Monday, March 20, 2023 . 34,485 EGY/tonne EXW, including value-added tax. Statement including VAT Flat Steel 34,485
Engineer Mahmoud Esmat, Minister of the Public Enterprises Sector, issued a decision appointing the geologist Mohamed Al-Shahat as Chairmain of the Delta Steel Company after a prosperous march made by Al-Shahat in El Nasr Glass and Crystal Company, where Al-Shahat was able during this short period to increase sales to El Nasr Company. Choosing Al-Shahat …
Mohamed Al-Shahat, Chairmain of the Delta Steel Company Read More »
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 34,700 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 29,285 Suez Steel 29,200 Beshay Steel 29,000 El-Marakiby Steel 29,500 Egyptian Steel 29,200 Ashry Steel 29,500 Garhy Steel 27,000 Misr Steel 34,700 El …
The last update of rebar prices in Egypt is March 15, 2023 Read More »
The prices of flat steel for Ezz Steel amounted to 31,635 EGY/tonne EXW, which are the same prices announced by the company on March 7, including value-added tax. Statement including VAT Flat Steel 31,635
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 30,000 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 29,285 Suez Steel 29,200 Beshay Steel 29,000 El-Marakiby Steel 29,500 Egyptian Steel 29,200 Ashry Steel 29,500 Garhy Steel 27,000 Misr Steel 27,000 El …
The last update of rebar prices in Egypt is March 9, 2023 Read More »
The financial statements of Misr National Steel Company – Ataqa- revealed an increase in profits by 133.69% on an annual basis. The company stated to the Egyptian Stock Exchange today that it recorded a net profit of EGP 234.72 million in 2022, compared to earnings of EGP 100.44 million in 2021. The company’s sales rose …
Egypt National Steel profits rise by 133% in 2022 Read More »
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 25,800 pounds – 28,500 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 26,985 Suez Steel 26,850 Beshay Steel 28,500 El-Marakiby Steel 27,000 Egyptian Steel 26,850 Ashry Steel 26,500 Garhy Steel 27,000 Misr Steel 26,000 El …
The last update of rebar prices in Egypt is February 27, 2023 Read More »
Iron and Steel Company for Mines and Quarries announced that it achieved total sales during January, which amounted to EGP 16.34M. The Company stated, to the Egyptian Stock Exchange, that the sales of Bahariya Oasis mines amounted to EGP 16.29M in January. It added that the sales value of Bani Khalid – Samalout Quarries amounted to …
Egypt: 16.34 million pounds of iron and steel sales to mines during January 2023 Read More »