The financial statements of the Misr National Steel Company – Ataqa showed an increase in its profits in the first nine months of 2021 by 244% on an annual basis. The company stated in a statement to the Egyptian Stock Exchange that it achieved profits of 65.74 million pounds in the first nine months of …
Misr National Steel – Ataqa rise to 65.74 million pounds profit in 9 months Read More »
The Board of Directors of the Iron and Steel Company for Mines and Quarries approved the approval of the company’s financial statements for the first nine months of 2021. The company said in a statement to the Egyptian Stock Exchange that the financial statements were approved with a net profit after taxes of 8.59 million …
Egypt: 6 million pounds of profits for “Iron and Steel Mines” in 9 months Read More »
Egypt’s steel exports rose by 193% to $1.311 billion in January to September 2021, compared to $447 million in the same period last year, according to the export and import control report sent to the Building Materials Export Council. The report of the Export Council for Building Materials revealed that Italy is the most importer …
Egypt jumps steel exports to $1.3 billion in January-September 2021 Read More »
Engineer Mohamed Ahmed Morsi, Minister of State for Military Production, announced the success of the ministry’s efforts represented by the Military Factory 100, in cooperation with the Ezz Steel Company, in the manufacture of “armored steel” after a strenuous effort, which opened the way for Egypt to expand in the field of vehicle manufacturing. The …
The Egyptian Prime Minister issued a decision setting the selling price of natural gas supplied to industrial activities, including an increase in prices for iron and steel factories, cement, fertilizers and petrochemicals from $4.5 per million thermal units to 5.75, an increase of 28%. The resolution stipulates that, the selling price of natural gas supplied …
The Council of Arab Economic Unity held yesterday its fifty-fourth meeting of the Arab unions specialized in work quality, which was organized by the Council of Arab Economic Unity, in the presence of the leaders of the Arab unions specialized in quality. The Arab unions’ periodic meeting dealt with achievements and recommendations made at the …
Ezz Steel announced that its total exports in the first nine months of 2021 reached $1.013 billion. Exports amounted to $598 million in the first half (H1) of 2021 and $419 million in the third quarter (Q3) of the year, according to a bourse disclosure. In the January-June period, the steel manufacturer turned to net …
Ezz Steel’s exports exceed $1billion in 9 months Read More »
Egypt’s exports of pipes increased by 11% to reach $5 million in January to August 2021, compared to $4 million in the same period last year. A report from the Export Council for Building Materials said that exports to Turkey from the pipe sector rose by 69% to $1.6 million, compared to only $980,000 last …
$5 million , Egypt’s exports of pipes in January-August 2021 Read More »
Dr. Alia El Mahdi, Chairman of the Board of Directors of the Egyptian Iron and Steel Industry Association, said that the individual sector is the most important source of steel demand in the market, as it constitutes 60% of consumption, while government demand and the real estate development sector together constitute 40% of the consumption …
Today, Friday 1-10-2021, rebar prices in Egypt witnessed stability in the local market, according to the announced prices. Company Egyptian pounds Ezz Steel 14600 Suez Steel 14500 Arabian Steel industries 14400 Beshay Steel 14500 Elgarhy Steel 14450 Attia Steel 14300 El-Marakiby steel 14300 Egyptian Steel 14500 Maadi Steel 14300 Alshry Steel 14300 Misr Steel 14300 …
Egypt’s exports of iron and steel surged by 197% to $1.097 billion in the first eight months of 2021, compared to $369 million in the corresponding period a year earlier, the Middle East News Agency (MENA) reported. A total of 76 countries received Egypt’s exports of iron and steel during the January-August period, nine of …
Egypt’ iron, steel exports jump to $1.097bn in eight months Read More »
The Board of Directors 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, approved the approval of the amended financial statements with a net profit after deducting income tax in the amount of 5.54 million …
Egypt: Iron and Steel Mines earn 5.5 million pounds in 6 months Read More »
After a long period of stability in rebar prices in Egypt, which lasted for 6 months (mid-May), the major steel mills raised their prices for the month of October. Surging prices for raw materials, semis and finished products globally were the main reason for the decision. This time, the rise was uneven, between EGP 400- …
Rebar prices rise in Egypt after a 6-month stable Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 99,004 mt in July 2021, down 10.5 percent from June but up 167.8 percent from July 2020 levels. By value, wire rod imports totaled $85.9 million in July 2021, compared to $87.9 million in June and $26.4 million …
Egypt and Algeria lead Arab countries exporters of wire rod to US in July Read More »
The Delta Steel Company announced the renewal of the international ISO certificate for the third year in a row. The Delta Steel Company is one of the oldest steel companies in Egypt, and the establishment of the company dates back to 1947. The company has taken the development of production units and the application of …
Egyptian experts considered that expanding the scope of Egypt’s energy exports, especially natural gas and electricity, would give Cairo great weight in the region, and enhance its regional and international standing. Egypt, Jordan, Syria, and Lebanon agreed during a meeting on Wednesday to deliver Egyptian gas to Lebanon via Jordan and Syria and to present …
The board of directors of Iron and Steel for Mines and Quarries approved the output and sales report for July. The company’s sales amounted to EGP 7.91 million during July, according to a bourse disclosure on Tuesday. Iron and Steel for Mines and Quarries is a spin-off company of the Egyptian Iron and Steel (Hadisolb). …
Egypt : Iron and Steel for Mines achieves EGP 7.9m sales in July Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 161.7 million tonnes (Mt) in July 2021, a 3.3% increase compared to July 2020. China produced 86.8 Mt in June 2021, down -8.4% on July 2020. India produced 9.8 Mt, up 13.3%. Japan produced 8.0 Mt, up 32.5%. Crude …
World crude steel production increased by 3.3 % in July 2021 Read More »
Dr. Wael Youssef, Managing Director of the Holding Company for Metallurgical Industries, revealed that the Delta Steel Mill will launch the new digital transformation project next month, pointing out that the plan of the Ministry of Public Business Sector for digital transformation and mechanization of work systems in affiliated companies is being implemented using the …
Ezz Steel turned to net profits of EGP 2.39 billion in the first half (H1) of 2021, versus net losses of EGP 2.77 billion in H1-20, including minority shareholders’ rights. The sales surged to EGP 30.42 billion in the six-month period ended 30 June, compared to EGP 17.82 billion in the corresponding period in 2020, …
The Iron and Steel Company for Mines and Quarries announced that it achieved sales of 23.33 million pounds during the period from April to the end of last June. The company explained in a statement to the Egyptian Stock Exchange, today, Thursday, that its sales rose during the month of June to record 7.83 million …
Egypt: 23.3 million pounds in sales of the Iron and Steel Company for Mines in 3 months Read More »
Today, Thursday 1-7-2021, rebar prices in Egypt witnessed stability in the local market, according to the announced prices. Company Egyptian pounds Ezz Steel 14600 Suez Steel 14500 Arabian Steel industries 14400 Beshay Steel 14500 Attia Steel 14300 El-Marakiby steel 14300 Egyptian Steel 14500 Maadi Steel 14300 Alshry Steel 14300 Misr Steel 14300
The Egyptian Iron and Steel (Hadisolb) has received a technical and financial offer from a Ukrainian company to rehabilitate, develop, and manage the steel manufacturing firm, currently under-liquidation, under a revenue-sharing scheme. The offer is under consideration by the parent company, Metallurgical Industries Holding Co, according to a bourse disclosure on Tuesday. At the end of May, the …
Ukrainian firm offers to develop, manage Hadisolb Read More »
Hisham Tawfiq, Minister of Public Business Sector – Chairman of the General Assembly of Metallurgical Industries Holding – issued a decision to re-form the Board of Directors of Metallurgical Industries Holding, for a period of three years. The decision included assigning Dr. Saad Mujahid Al-Rajhi to do the work of a non-executive chairman of the …
Ezz Steel is the largest steel producer in the Arab region as per worldsteel’s Top Steel Makers List For 2020 which has just been published. With 4.6 million tons in output, Ezz Steel is the leading Arab steel producer, followed by Hadeed in KSA at 4.5 million tons, Emirates Steel at 2.7 million tons and …
Ezz Steel Leads Steel Production In The Region In 2020 Read More »
The Securities Listing Committee of the Egyptian Stock Exchange decided to list the shares of the Iron and Steel Company for Mines and Quarries, a split company emerging from the division of the Egyptian Iron and Steel Company into two “divided and divided” companies. The Egyptian Stock Exchange clarified, in a statement on Wednesday, that …
EGX approves to register iron and steel mines, with a capital of EGP 195.3 million Read More »
Egypt’s exports of flat steel products achieved a noticeable jump in the recent period, according to government data, as the value of exports of which amounted to $45.3 million in February, while it was $9.4 million in February, an increase of $35.9 million , an increase of 380 %. Flat steel exports were among the …
Egypt’s exports of flat steel jump to $ 45 million in a month Read More »
Iron and steel companies in Egypt announced the raising of iron prices for the third time in less than a month, equivalent to 400 pounds per ton, starting from Monday. The General Division for Building Materials at the General Federation of Chambers of Commerce confirmed that the steel factories announced an increase in the price …
Egypt: Rebar prices today are 14,300 – 14,600 pounds per ton Read More »
Mr. Mahmoud El-Feki, managing director of Delta Steel, confirmed that the company is achieving profits for the first time in 10 years during the current fiscal year, and the net profit is expected to reach 30 million pounds, after the implementation of the first stage of development. Al-Feki added that the profits targeted in the …
Delta Steel achieves 30 million pounds in profits for the first time in 10 years Read More »
The Egyptian Iron and Steel (Hadisolb) generated EGP 816.24 million in commercial activity revenues during the first 10 months of fiscal year (FY) 2020/2021. Local sales reached EGP 70 million during March and no exports were reported during the month, the company said in a bourse disclosure on Sunday. During the first half (H1) of …