Arab Steel Summit

Arab Steel Summit

Egypt

Egypt’s iron and steel exports amounted to $1.3 billion from January to November 2022

Egypt’s iron and steel exports recorded about $1.302 billion from January to November 2022, compared to $1.672 billion during the same period of the previous year, a decline of 20%. The report issued by the Export Council for Building Materials, Refractories and Metallurgical Industries revealed that Spain ranked first in the import of iron and …

Egypt’s iron and steel exports amounted to $1.3 billion from January to November 2022 Read More »

Minister of Military Production: Armoured steel is a strategic product

Engineer Muhammad Salah El-Din Mustafa, Minister of State for Military Production, inspected the Abu Zaabal Company for Engineering Industries (Factory 100 Military), and affiliated with the Ministry of Military Production, accompanied by a several officials from the Ministry and the National Authority for Military Production. Where the Minister of State for Military Production was briefed …

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A new increase in rebar prices in Egypt

Rebar prices in Egypt recorded an increase between 2000 and 3000 EGP as a result of the rise in dollar prices in the local market, as rebar prices are affected by the prices of imported raw materials. rebar prices vary from one region to another, according to the cost of transportation and the profit margin …

A new increase in rebar prices in Egypt Read More »

Ezz Steel announces flat steel prices

Ezz Steel announced the prices for flat steel, as of Sunday, December 18, 2022. 28,335 EGY/tonne EXW, and 25,800 EGY/tonne, including value-added tax. Statement including VAT Flat Steel 28,335

Egypt: 36.5 million pounds of iron and steel sales to mines in Novembe

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during November, amounting to 36.51 million pounds. In a statement to the Egyptian Stock Exchange, the company stated that sales of Bahriya Oasis mines amounted to EGP 36.47 million during November. It added that the value of sales of Bani …

Egypt: 36.5 million pounds of iron and steel sales to mines in Novembe Read More »

$186.8 billion is the contribution of “building and construction” to the Arab economies

The Arab Monetary Fund revealed that the construction sector in the Arab countries has recovered from the effects of the “Covid-19” pandemic, and the sector’s contribution to the GDP for the year 2021 amounted to about $186.8 billion, compared to $178.3 billion in 2020, with a growth of 4.7%. The Fund added, in a report, …

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Egypt: A new record in natural gas exports during 2022

The Egyptian Ministry of Petroleum and Mineral Resources announced that Egypt produced approximately 50.6 million tonnes of natural gas during the current year. According to the statement, Egypt achieved a record in natural gas exports, reaching 8 million tonnes this year, compared to about 7 million tonnes the previous year. The value of natural gas …

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The latest update of rebar prices in Egypt

Rebar prices in Egypt recorded an increase between 2095 and 3000 EGP in the past few days as a result of the rise in dollar prices in the local market, as rebar prices are affected by the prices of imported raw materials. rebar prices vary from one region to another, according to the cost of …

The latest update of rebar prices in Egypt Read More »

World crude steel production declined by -2.6% in November 2022

News, steel Statistics / By user

According to the preliminary data announced by the World Steel Organisation about world production (64 countries) during November 2022, crude steel production amounted to 139.1 million tonnes, a decrease of 2.6% compared to November 2021 production. Africa produced 1.3 million tonnes of crude steel in November 2022, down by -11.4% from November 2021. Asia and …

World crude steel production declined by -2.6% in November 2022 Read More »

Egypt’s iron and steel exports amounted to $1.1 billion, in January to October 2022

Egypt’s iron and steel exports declined by 23%, to record about $1.146 billion during the first 10 months of 2022, compared to $1.481 billion in the same period last year. The Export Council for Building Materials, Refractories and Metallurgical Industries indicated that 10 countries acquired 75.3% of Egypt’s iron and steel exports, at a value …

Egypt’s iron and steel exports amounted to $1.1 billion, in January to October 2022 Read More »

The decline in Turkey’s exports of HR flats to the regions of the world and its increase in the Arab countries

In October this year, Turkey’s HR flats exports decreased by 49.4% year-on-year to 141,059 tonnes, according to data from the Turkish Statistical Institute (TUIK). From January to October this year, Turkey’s HR flats exports reached 1.588 million tonnes, a decrease of 23.9% compared to last year. Despite the decline in Turkey’s HR flats exports to …

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Egypt cancels the ban on exporting stainless steel scrap and imposes a fee of 3,500 pounds per tonne

The Egyptian Ministry of Industry and Trade decided to cancel Resolution No. 190 of 2022 banning the export of stainless steel scrap, and imposing an export fee of 3,500 pounds per ton. According to the text of the decision, scrap and waste of stainless steel alloys, customs item 7204.21, shall be deleted from the table …

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Ezz Steel announces flat steel prices as of December 18th

Ezz Steel announced the prices for flat steel, as of Sunday, December 18, 2022. 22,877 EGY/tonne EXW, and 25,800 EGY/tonne, including value-added tax. Statement EXW including VAT Flat Steel 22,877 25,800

Egypt: El Marakby Steel pumps 5 million dollars for the use of clean energy

El Marakby Steel Group intends to start a plan to rely on clean energy in manufacturing to reduce carbon emissions, with investments of $5 million, during the next three years. Eng. Hassan Al-Marakibi, Chairman of the Board of Directors of El Marakby Steel Group, revealed that his group’s strategy regarding green industry and sustainability is …

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Ezz Steel announces flat steel prices as of December 12th

Ezz Steel Group announced the prices for flat steel, as of Monday, December 12, 2022. 20,877 EGY/tonne EXW, and 23,800 EGY/tonne, including value-added tax. Statement EXW including VAT Flat Steel 20,877 23,800

Rebar prices in Egypt, December 2022

News, Prices / By user

Rebar prices in Egypt recorded an increase between 780 and 1700 EGP in the past few days as a result of the rise in dollar prices in the local market, as rebar prices are affected by the prices of imported raw materials. rebar prices vary from one region to another, according to the cost of …

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Ezz Steel profits rise to 5.7 billion pounds in 9 months

The consolidated financial statements of Ezz Steel Company, during the first nine months of this year, showed an increase in the company’s profits by 52%, on an annual basis. The company stated in a statement to the Egyptian Stock Exchange, today, that it achieved profits amounting to 5.7 billion pounds during the period from January …

Ezz Steel profits rise to 5.7 billion pounds in 9 months Read More »

World crude steel production in October 2022

News, steel Statistics / By user

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.3 million tonnes (Mt) in October 2022, with the same production as October 2021. Africa produced 1.4 Mt in October 2022, up 2.3% on October 2021. Asia and Oceania produced 107.3 Mt, up 5.8%. The EU (27) produced 11.3 …

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Egypt: Iron and steel miners jump in profits for September 2022

The Iron and Steel Company for Mines and Quarries (ISMQ) announced the approval of its board of directors, held on 11/19/2022, on its business results for the period ending on 09/30/2022, which showed a net profit of 26.538 million pounds, compared to a net profit of 8.590 million. pounds, according to the company in its …

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The rise in the GDP of the Arab countries in 2022, with Saudi Arabia in the lead

The gross domestic product (GDP) at the current prices of the Arab countries is likely to rise by 21% this year to reach about $3.4 trillion, “representing 3.35% of the global economy,” compared to $2.81 trillion in 2021 “representing 2.92% of the global economy.” According to the monitoring unit of the reports in the “Al …

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Rebar prices in Egypt for the month of November 2022

Rebar prices in Egypt have risen between 1700 to 1980 pounds during the past days as a result of the rise in dollar prices in the local market and the increase in interest, as iron prices are affected by the prices of imported raw materials. Today’s rebar prices are as follows: Company EGP/ton Ezz Steel …

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Honouring the companies participating in the International Iron and Steel Exhibition

AISU, conferences, News / By user

Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in Manama, the Kingdom of Bahrain, the Union honoured the companies participating in the International Iron and Steel Exhibition on the fiftieth anniversary of the establishment of the …

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Honoring the founders of Arab Iron and Steel Union

AISU, conferences, News / By user

Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in the city of Manama, Kingdom of Bahrain, the federation honored the founders of the federation on the occasion of the fiftieth anniversary of the founding of the …

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Honoring the chairmen of Arab Iron and Steel Union

AISU, conferences / By user

Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in the city of Manama in the Kingdom of Bahrain, the chairmen of the union were honored on the occasion of the fifty years since the founding of …

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Beshay Steel announces rebar prices for the month of November

The Beshay Steel Factory announced iron prices in Egypt on 1-11-2022, an increase of 1700 pounds per ton, according to what the factory announced, provided that the new prices will be applied as of the first of November. For his part, Moheb Shafiq, a building materials trader, revealed in exclusive statements to Al-Mal that the …

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Ezz Steel reviews the size of the expected losses as a result of the liberalization of the exchange rate

Ezz Steel reviewed the expected losses for the group companies as a result of the liberalization of the pound against the dollar and foreign currencies. The company stated in a statement to the Egyptian Stock Exchange today, Sunday, that it is initially estimated that the currency losses in the second half of this year on …

Ezz Steel reviews the size of the expected losses as a result of the liberalization of the exchange rate Read More »

World crude steel production increase by 3.7 % in September 2022

News, steel Statistics / By user

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes (Mt) in September 2022, a 3.7% increase compared to September 2021. Africa produced 1.4 Mt in September 2022, up 1.0% on September 2021. Asia and Oceania produced 113.0 Mt, up 10.6%. The EU (27) produced 10.7 …

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Egypt: Iron and Steel Mines achieve 17 million pounds in profits during August

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during August with a value of 17.34 million pounds. The company said in a statement to the Egyptian Stock Exchange on October 3 that the sales of the Bahariya mines amounted to about 17.19 million pounds during August. It added …

Egypt: Iron and Steel Mines achieve 17 million pounds in profits during August Read More »

Visit programs of the Arab steel companies’ delegation to the Algerian steel companies have been launched

Within the framework of the activities of the Arab Iron and Steel Union, a work program for cooperation, acquaintance, and exchange of experiences between Arab steel companies was launched in collaboration between the General Secretariat of the Union and the Iron and Steel “Imetal” Algeria, to learn about the technologies applied in these factories from …

Visit programs of the Arab steel companies’ delegation to the Algerian steel companies have been launched Read More »

Turkey’s longitudinally welded tube and profile exports up 9.4% in Jan-July, Egypt and Iraq were in the lead

In July this year, Turkey’s total longitudinally welded tube and profile exports decreased by 42.8 % to 122,405 metric tons compared to June and were up 35.1 % year on year, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $151.17 million, down 40.1 % month on …

Turkey’s longitudinally welded tube and profile exports up 9.4% in Jan-July, Egypt and Iraq were in the lead Read More »