Arab Steel Summit
Arab Steel Summit

Egypt

World’s crude steel production declined by 3.3% in January 2023

According to the preliminary data announced by the World Steel Federation on world production (64 countries) during January 2023, crude steel production amounted to 145.3 million tonnes, a decrease of -3.3% compared to January 2022 production. Africa produced 1.2 million tonnes of crude steel in January 2023, down by -4.9% from January 2022 and Asia …

World’s crude steel production declined by 3.3% in January 2023 Read More »

The last update of rebar prices in Egypt is February 20, 2023

According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 24,600 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 20, 2023 Read More »

Turkey’s flat steel exports declined for the first time since 2016, and Egypt leads the Arab countries

Turkey’s flat steel exports fell below 2 million tonnes for the first time since 2016 despite a significant expansion of cooperation with North African and Middle Eastern countries. Turkey’s flat steel (sheets and coils) exports amounted to about 1.77 million tonnes, down 31.4% year-on-year, according to the Turkish Statistical Institute (TUIK). Meanwhile, Turkey boosted its …

Turkey’s flat steel exports declined for the first time since 2016, and Egypt leads the Arab countries Read More »

The last update of rebar prices in Egypt is February 13, 2023

According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 25,200 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 13, 2023 Read More »

Egypt: Developing El-Nasr for forgings production lines to provide railway equipment

On Saturday, Engineer Mahmoud Esmat, Minister of the Public Enterprises Sector, made a surprise visit to El-Nasr Company for Forging Industry, affiliated with the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector. During the visit, the minister followed up on the work progress within the company, the …

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World’s crude steel production declined by 4.3% and Egypt leads the Arab countries.

According to the preliminary data announced by the World Steel Association on world production (64 countries) during December 2022, crude steel production amounted to 140.7 million tonnes, a decrease of -10.8% compared to December 2021 production. Africa produced 1.1 million tons in December 2022, down by -8.9% from December 2021. Asia and Oceania produced 104.9 …

World’s crude steel production declined by 4.3% and Egypt leads the Arab countries. Read More »

Russia includes the Egyptian pound in the list of foreign currencies, which may lead to a billet trade increase

Russian Central Bank announced setting the official rates of the ruble against nine other foreign currencies, including the Egyptian pound, the UAE dirham, the Qatari riyal, the Thai baht, the Vietnamese dong, the Serbian dinar, the New Zealand dollar, the Georgian lari, and the Indonesian rupiah. The new decision will allow Egypt and Russia to …

Russia includes the Egyptian pound in the list of foreign currencies, which may lead to a billet trade increase Read More »