According to final census data from the US Department of Commerce, US imports of wire rod totaled 177,448 mt in July 2022, up 101.3% from June and up 79.3% from July 2021 levels. By value, wire rod imports totaled $186.6 million in July 2022, compared to $105.7 million in June and $85.9 million in July …
US wire rod imports up 101.3% in July, Algeria and Egypt led Read More »
In an interview with Al Arabiya, the CEO of the Egyptian Ezz Steel Company, Eng. Ahmed Ezz, denied any intention to merge the two companies, Ezz Dekheila and Ezz Steel. Eng. Ahmed Ezz said that Ezz Steel’s investment in Egyptian Steel is an investment for the future, given the conviction of the technology used in …
The consolidated financial statements of Ezz Steel during the first half of this year showed an increase in the company’s profits by 72.3% on an annual basis. The company stated in a statement to the Egyptian Stock Exchange on13 September that it achieved profits of 4.12 billion pounds from January to the end of last …
Ezz Steel’s profits exceed 4.1 billion pounds during the first half of 2022 Read More »
The Egyptian Ministry of Finance decided to raise the customs dollar price to 19.31 pounds, as an exchange rate to be used for importing goods from abroad, starting from Thursday. It is noteworthy in the text of the decision that the customs dollar price specified in it is the highest ever since its inception, and …
Egypt decides to increase the price of the customs dollar Read More »
The Extraordinary General Assembly of Al-Nasr Coke Manufacturing and Basic Chemicals Company, affiliated with the Holding Company for Metallurgical Industries, decided, in its session held on September 5 2022, to dissolve and liquidate the company while taking the necessary measures in this regard and preserving the rights of the workers stipulated by law, in light …
Egypt’s exports of “iron and steel” rose during the first half of this year by about 2% to record $774 million , compared to $762 million in the same period last year. The monthly report issued by the Export Council for Building Materials, Refractories and Metal Industries showed that Egypt exported iron and steel during …
Egypt’s steel exports rise to $774 million in H1 2022 Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of July, worth EGY16.8 million . The company said in a statement to the Egyptian Stock Exchange today, Sunday, that the sales of the Bahariya mines amounted to about EGY 16.76 million in July. She added that …
Egypt: EGY16.8 million , Iron and Steel Company for Mines sales in July Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in July 2022, a 6.5% decrease compared to July 2021. Africa produced 1.2 Mt in July 2022, down 5.4% on July 2021. Asia and Oceania produced 110.1 Mt, down 5.2%. The EU (27) produced 11.7 …
World crude steel production declined by 6.5% in July 2022 Read More »
Turkiye registered a decline in June billet export for the second month in a row, continuing the downward trend of January-June 2022 in international trade. Local steelmakers exported 79,946 t of billet in June, reducing shipments by 12.3% year-on-year, according to the Turkish Statistical Institute (TUIK).
The financial statements of the Misr National Steel Company – Ataka, in the first half of 2022, showed a decline in the company’s profits by 7.7% on an annual basis, with the increase in sales costs. In a statement to the Egyptian Stock Exchange, the company stated that it achieved profits of EGY 86.75 million …
Misr National Steel Company profits fell 8% in H1 2022 Read More »
The Board of Directors of the Iron and Steel Company for Mines and Quarries announced that the company achieved EGY 40.54 million in profits after taxes during the fiscal year ending in June 2022. The company stated in a statement to the Egyptian Stock Exchange today, that the company achieved EGY 121.21 million in sales …
Egypt: EGY 40.5 million , Iron and Steel Company for Mines profits in 2021-2022 Read More »
The Board of Directors of the Iron and Steel Company for Mines and Quarries approved the planning budget for the next fiscal year 2022-2023. The company stated in a statement to the Egyptian Stock Exchange, today, Monday, that it aims to achieve a net profit of EGP 91.82 million during the next fiscal year. It …
Egypt: EGP 15.1 million sales of “Iron and Steel for Mines” in June Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158.1 million tonnes (Mt) in June 2022, a 5.9% decrease compared to June 2021. Africa produced 1.2 Mt in June 2022, down 18.7% from June 2021. Asia and Oceania produced 118.8 Mt, down 3.1%. The EU (27) produced 11.8 …
World crude steel production decreased by 5.9 % in June 2022 Read More »
Suez Steel contracted Danieli to upgrade its caster #2 , the target of Suez Steel is to increase the product range through the most flexible caster technology in the world, to satisfy the growing local and international market requests. After the upgrade, the caster –supplied by Danieli in 2011– will be able to produce more …
Suez Steel Company contracts with Danieli to expand capability Read More »
Rebar prices recorded a new decline today in Egypt, as iron prices in the local market decreased by a value ranging between 500-600 pounds per tonne from the costs of last June. Ahmed El-Ziny, Head of the Building Materials Division at the Cairo Chamber of Commerce, indicated that iron prices peaked in April, during which …
Egypt AlGioshy Steel Capacity 2019 – 1000 tons COMPANY Long products AlGioshy Steel 300
Egypt ARCOSTEEL Capacity 2019 – 1000 tons COMPANY Long products Semi-finished products EAF steel ARCOSTEEL 200 200 200
Egypt ELOLA Steel Capacity 2019 – 1000 tons COMPANY Long products CR flats ELOLA Steel 120 80
Egypt Egyptian Steel Capacity 2019 – 1000 tons COMPANY Long products Semi-finished products EAF steel Egyptian Steel 1.200 830 830
Petroleum Products Automatic Pricing Committee decided, in its meeting held after the end of last June, to raise the current prices of all types of gasoline, as well as the cost of diesel for the first time since November 2019 (about three years), until the end of next September. The committee indicated in a statement …
Egypt raises the price of diesel for the first time since November 2019 Read More »
Local factories for rebar production revealed the selling prices of their products in July, with another decrease of 500 pounds on average per tonne, due to the successive decline in billet prices on the global stock exchange, specifically from the Russian market. Note that iron prices recorded a decrease of more than 1,100 pounds per …
Rebar prices decline in Egypt driven by the drop in billet globally Read More »
The Ministry of Public Enterprise Sector revealed the latest development in the Delta Steel factories, affiliated to the Holding Company for Metallurgical Industries, at about $45 million. The project aims to replace the old rebar factory, which produced about 46,000 tonnes, with the new plant, with a total capacity of 500,000 tonnes of billets annually …
Business sector: Production of 500,000 tonnes from Delta Steel plants next year Read More »
Egypt’s iron and steel exports rose during the period “January-April” of this year by about 1%, recording 472 million dollars, compared to 468 million dollars during the same period last year. The monthly report issued by the Export Council for Building Materials, Refractories and Metal Industries showed that during the first four months of this …
Egypt’s iron and steel exports rose to $472 million within four months Read More »
In the latest report of the World Steel Organization (Worldsteel), Ezz Steel ranked first in the ranking of the largest steel producers in the Arab region and Africa, with a production of 5.1 million tons, ahead of SABIC Steel in Saudi Arabia, which came in second place with a production of 4.8 million tons, while …
According to final census data from the US Department of Commerce, US imports of wire rod totaled 160,984 mt in April 2022, down 4.6% from March and but up 177.9% from April 2021 levels. By value, wire rod imports totaled $157.3 million in April 2022, compared to $153.5 million in March and $49.1 million in …
US wire rod imports down 4.6% in April,including Algeria and Egypt Read More »
Egypt Ashry Steel Group Established in 1980, Ashry Steel Group consists of seven companies specialized in the field of iron and steel industry by producing a wide range of products ranging from reinforcing steel, light sectors and production of longitudinal welding pipes. Rolls of iron sheet and rectification and the production of beam Sigal …
In May this year, Turkey’s steel exports decreased by 19.7% year on year to 1.63 million tonnes, while the value of exports increased by 11% year on year to reach $1.9 billion. According to CIB data, Turkey’s total steel exports amounted to 8.78 million tonnes in the first five months of 2022, down by 2.6% …
Turkey’s steel exports fell in January-May, while they rose to Egypt and Morocco Read More »
The Ministry of Industry and Commerce has issued Resolution 324 of 2022 extending the validity of Ministerial Resolution n° 1535 of 2017, imposing definitive anti-dumping duties on dumped imports type: bars, coils, poles and rods, originating or exported from China, Turkey or Ukraine for five years ending June 5, 2022. And based on the report …
Egypt: Extending duties on steel imports from Turkey, Ukraine and China for a year Read More »
The consolidated financial statements of Ezz Steel for the first quarter of this year showed a marginal increase in the company’s profits on an annual basis. In a statement to the Egyptian Stock Exchange, the company stated that it recorded a net profit of 1.21 billion pounds from January to the end of last March, …
Ezz Steel’s profits rise to 1.2 billion pounds in the first quarter Read More »