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Egypt

Arab Organization for Industrialization inaugurates a stainless steel factory

News / By

The Arab Organization for Industrialization has started two new giant national projects, one of which is to manufacture nearly 10 million vehicle tires of various types annually. The second is to produce “stainless steel” in large quantities, said Lieutenant-General Abdel Moneim Al-Terras, Chairman of the Authority’s Board of Directors, and in statements during his participation …

Arab Organization for Industrialization inaugurates a stainless steel factory Read More »

Egyptian Ferrous alloys Company exports 35,000 tonnes to the European Union

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Eng. Eid Muhalal, Managing Director and CEO of the Egyptian Ferroalloys Company of the Ministry of Public Business Sector, revealed that the export file is one of the most important files the company is interested in within the framework of the state’s plan to maximize the volume and value of locally manufactured exports to ensure …

Egyptian Ferrous alloys Company exports 35,000 tonnes to the European Union Read More »

Rebar prices fall in Egypt

News, Prices / By

Rebar prices in Egypt recorded a new decline today, as iron prices in the local market decreased by 1000 pounds per ton. Ahmed El-Ziny, Head of the Building Materials Division at the Cairo Chamber of Commerce, indicated this decline is due to the drop in international prices of billet by $150 per ton. Rebar prices  …

Rebar prices fall in Egypt Read More »

Seventh Forum for Occupational Safety and Health

News / By

Tabbin Institute for Metallurgical Studies is organizing the Seventh Forum for Occupational Safety and Health on Wednesday, May 18, 2022, under the patronage of His Excellency the Minister of Trade and Industry, Dr. Nevin Jameh, at the Ramses Hilton Hotel – Downtown – Cairo.

Building Materials Chamber: Rebar prices fell 830 pounds in the Egyptian market

News / By

Ahmed El-Zeini, head of the Building Materials Division, announced that some iron companies started reducing prices, as Ezz Steel reduced the iron prices of a tonne by about 830 pounds for the  May prices 2022 so that the price of a tonne of Ezz Steel reaches 19170 pounds, delivery to the factory land includes value-added …

Building Materials Chamber: Rebar prices fell 830 pounds in the Egyptian market Read More »

Al-Ashry Steel Group acquires the Arab special steel company (Arcosteel)

News / By

 Sources revealed that Al-Ashry Steel Group acquired all the shares of the Arab Company for Special Steel (Arco Steel), which is affiliated to the National Bank of Egypt. The deal took place in several segments during the past three months. The “Al-Ashry Steel” Group’s acquisition of “ArcoSteel” came within the framework of its expansion plan, …

Al-Ashry Steel Group acquires the Arab special steel company (Arcosteel) Read More »

Egypt tops the countries importing HRC steel plates from Turkey in  January – February 2022

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Higher prices for global and domestic steel products in Turkey contributed to a significant increase in its flat steel products (HRC) exports in February, which rose by 43.5% year-on-year to 108,987 tons, according to the Turkish Statistical Institute (TUIK). North Africa topped the list of HRC buyers with a 40% share in February, with bookings …

Egypt tops the countries importing HRC steel plates from Turkey in  January – February 2022 Read More »

Delta Steel turns profitable after implementing the first phase of development

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Hisham Tawfiq, Minister of Public Business Sector, paid an inspection visit to Delta Steel Factories Company of the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector, to follow up on the news of the development project. The minister began his visit by holding a meeting with the …

Delta Steel turns profitable after implementing the first phase of development Read More »

Egypt’s iron and steel exports rise to $200 million during January and February 2022

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The Export Council of Building Materials revealed that Egypt’s iron and steel exports rose by 4% to $200 million from January to February 2022, compared to $192 million in the same period last year. In its monthly report, the Council added that Spain received iron and steel products worth $49.303 million from January to February …

Egypt’s iron and steel exports rise to $200 million during January and February 2022 Read More »

Egypt moves the pound against the dollar, coinciding with the interest rate hike

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The Egyptian government reduced the value of the Egyptian pound on March 21 and moved its exchange rate against the US dollar, coinciding with the increase in the interest rate to absorb the exit of foreign investment from the country and control the high inflation wave. The average exchange rate of the pound against the …

Egypt moves the pound against the dollar, coinciding with the interest rate hike Read More »

Egypt: Domestic steel consumption rises to 7.34 million tons in 2021

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According to data from Ezz Steel Company for the Egyptian Stock Exchange, The volume of domestic consumption of reinforcing steel increased in 2021 to reach 7,344 million tons, an increase of 7% over 2020, which recorded 6.865 million tons. The fourth quarter of last year achieved the highest consumption level by 27% over the third …

Egypt: Domestic steel consumption rises to 7.34 million tons in 2021 Read More »

Iron and Steel Mines targets 91.8 million pounds in profits in the 2022-2023 budget

News / By

The Board of Directors of the Iron and Steel Company for Mines and Quarries has 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 91.82 million pounds during the next fiscal year. …

Iron and Steel Mines targets 91.8 million pounds in profits in the 2022-2023 budget Read More »

Egypt: Arco Steel applies for a license to produce 1.1 million tons of billet

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The Arab Special Steel Company “ARCO Steel” applied to the Industrial Development Authority to obtain a license to produce billet with a production capacity of 1.1 million tonnes, at a value of EGP345 million. Government sources said that the company submitted a request to the Industrial Development Authority on February 15 to obtain a license …

Egypt: Arco Steel applies for a license to produce 1.1 million tons of billet Read More »

Egypt: Approval of a license for “Delta Steel Company” to increase production

News / By

Hisham Tawfiq, Minister of Public Business Sector, said that it was agreed to resolve the Delta Steel Company license crisis and for the company to obtain a license to increase production. In statements on the sidelines of Jusoor’s signing of agreements with service providers, the minister explained that the company will pay for the new …

Egypt: Approval of a license for “Delta Steel Company” to increase production Read More »

El Garhy Steel applies for a license to produce billet with investments of 4 billion pounds

News / By

Mohamed El Garhy Vice Chairman of the Board of Directors of El Garhy Group, announced that he had applied for a license to produce billets with a production capacity of 1.1 million tonnes per year, and the investment cost of the project exceeds 4 billion pounds. According to a statement by El Garhy Group on …

El Garhy Steel applies for a license to produce billet with investments of 4 billion pounds Read More »

Sider El Hadjar expects the export of 200,000 tonnes in 2022      

News / By

The general manager of El Hadjar steel complex, Lotfi Manaa, said, “In 2022, Sider El Hadjar plans to export no less than 200,000 tonnes of steel products”. He added, “For the current year, we expect to export 100,000 tonnes of galvanized coils, hot and cold rolled coils, billets, slabs, as well as 100,000 tonnes of …

Sider El Hadjar expects the export of 200,000 tonnes in 2022       Read More »

 World crude steel production increased by 3.6% in 2021 , Egypt is the first in the Arab world

News, Reports, steel Statistics / By

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158.7 million tonnes (Mt) in December 2021, a -3.0% decrease compared to December 2020. despite the decline in production in December, The world production of steel crude up by 3.6% compared to production in 2020. Crude steel production in …

 World crude steel production increased by 3.6% in 2021 , Egypt is the first in the Arab world Read More »

Building Materials Division: Importing 150,000 tons billet next week from Ukraine and Russia

News / By

Ahmed El-Ziny, head of the Building Materials Division in the Chamber of Commerce, revealed that the Egyptian ports will receive 150,000 tons of billets next week from Ukraine and Russia, which will contribute to reducing iron prices during the coming period, noting that rolling mills based on billets sell tons of rebar for delivery, factory …

Building Materials Division: Importing 150,000 tons billet next week from Ukraine and Russia Read More »

Strengthening cooperation between the Mineral Holding Company and SIDER Industrial Complex

AISU, News / By

Within the framework of strengthening cooperation between the member companies of the Arab Iron and Steel Union, the General Secretariat of the Union organized a visit for a delegation from SIDER El Hadjar Complex Algeria to the Mineral Holding Company in Egypt to enhance cooperation between the two companies. The Managing Director of the Mineral …

Strengthening cooperation between the Mineral Holding Company and SIDER Industrial Complex Read More »

Ezz Aldekhela Steel agrees to buy 18% of Egyptian Steel for EGP 2.5 billion

News / By

The Board of Directors of EL Ezz Aldekhela Steel held on 9/12/2021, approved the purchase of 18% of the total equity in the Egyptian Steel Company for the management of steel mill projects from Ahmed Hamdi Abu Hashima, the founding partner, and the Abu Hashima Steel Company for the management of steel projects. The total …

Ezz Aldekhela Steel agrees to buy 18% of Egyptian Steel for EGP 2.5 billion Read More »

Egypt: stability of iron prices in the local market and a jump in steel exports

News / By

The Building Materials Division of the Chambers of Commerce announced that steel prices in Egypt recorded levels of 15,000 pounds in some factories and reached a maximum of 15,500 pounds, according to what was announced by the producing factories, and it reaches the consumer at levels up to 16,000 pounds, despite announcing the abolition of …

Egypt: stability of iron prices in the local market and a jump in steel exports Read More »

Thailand issues final AD duty on HRC from Vietnam and Egypt

News / By

Thailand’s Committee of Dumping and Subsidy has announced final antidumping duty (AD) on hot rolled coil (HRC) imported from Vietnam and Egypt, for a period of five years. The final antidumping duties on the given products are at 24.38 percent for Vietnambased Formosa Ha Tinh Steel Corporation and 42.34 percent for other Vietnamese companies, while …

Thailand issues final AD duty on HRC from Vietnam and Egypt Read More »

Egypt: Iron and Steel Mines announces the arrival of modern industrial equipment

News / By

The Iron and Steel Company for Mines and Quarries announced the arrival of semi-industrial test equipment to concentrate ore to the company’s mines in Bahariya Oasis on November 18. The company said in a statement to the Egyptian Stock Exchange that the equipment has been received and is being installed at its site in the …

Egypt: Iron and Steel Mines announces the arrival of modern industrial equipment Read More »

Ezz Steel turns to profits, and its sales jump to EGP 49 billion in 9 months

News / By

The consolidated financial statements of Ezz Steel, during the first nine months of 2021, showed the shift from losses to profitability on an annual basis. In a statement to the Egyptian Stock Exchange, the company stated that it achieved profits of EGP 3.75 billion in the nine months that ended last September, compared to losses …

Ezz Steel turns to profits, and its sales jump to EGP 49 billion in 9 months Read More »

Egypt cancels safeguard import duty on iron billets, steel rebar, aluminium

News / By

The Egyptian Ministry of Trade and Industry decided to cancel the safeguard import duties on billet, rebar and aluminum products, which the ministry has imposed since 2019, at 25% on imports of rebar and 15% on imports of billet. Another decision issued last April included imposing safeguard import duties on a variety of aluminum products …

Egypt cancels safeguard import duty on iron billets, steel rebar, aluminium Read More »

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