The Egyptian Iron and Steel Company has paid 745 million pounds, as part of the settlement of the natural gas debt owed by the company. The company has also taken some steps to improve its financial position, including rationalizing energy consumption. The company announced, in its response to the Central Auditing Organization, regarding the examination …
Following a significant decline in local rebar consumption in January this year, in February demand for rebar in Egypt improved noticeably notably, though remaining much lower compared to the same month of 2020 due to the ongoing Covid-19-related restrictions. In February local rebar consumption in Egypt totaled 471,000 mt, increasing by 52.8% month on month. …
Rebar demand in Egypt up in February , but still low Read More »
Egypt’s exports of “iron and steel” increased by 30% during January 2021, to reach $64 million, from $49 million in the same month of 2020. The Building Materials Export Council in Egypt stated, in its monthly report issued on Saturday, that steel was exported to 37 countries, including 7 countries in January 2021, which were …
Egypt : Steel exports rose 30% in January, recording $ 64 million Read More »
Ahmed Al-Zaini, head of the Building Materials Division at the Cairo Chamber of Commerce, expected that rebar prices in the local market in Egypt will remain stable until the end of this month, despite the recent rise of scrap on global stock exchanges. Al-Zaini attributed his expectations to that the steel market suffers from a …
Expectations of stability in rebar prices in Egypt, despite the rise of scrap Read More »
Mahmoud El-Feki, Chairman of Delta Steel Company, said that the company has completed the implementation of the first phase of energy development to 250 thousand annually, which is 5 times the production before development of 50 thousand tons, to be followed by the second phase to reach 500 thousand tons annually, the volume of production …
El-Fiqi: We raised the Delta steel production 5 times, and will win next year Read More »
The extraordinary general assembly of the Metallurgical Industries Holding approved increasing the issued and paid-up capital of the company from 3.2 billion pounds to 3.383 billion pounds, and amending articles 6 and 7 of the articles of association, according to what was published by the Egyptian newspaper Al-Waqae. The excess shares amounted to 183657 shares …
Increase the capital of Metallurgical Industries Holding to 3.38 billion pounds Read More »
The Official Gazette of Egypt published Decision No. 82 of 2021 regarding the continuation of the export duty imposed on lumps and crushed talc at a rate of 1,200 pounds per ton, talcum “powder” by 500 pounds per ton, and super-fine talc powder (50 microns and less) at a value of 300 pounds per ton, …
Egypt: Continuing to impose export duties on some mining materials for a year Read More »
The prices of reinforcing steel in Egypt stabilized today, Saturday 2/13-2021, the prices for the delivery of the factory land for Ezz Steel 13,700 pounds / ton EXW, Beshay steel 13,500 pounds / ton EXW , and Elattal13,450 pounds / ton EXW. Egyptian Steel reached 13,550 pounds / ton, El-komy Steel 13,300 pounds / ton …
Hisham Tawfiq, Minister of the Public Business Sector, confirmed that the Delta Steel Factory of the Holding Company for Metal Industries is the oldest factory in Egypt and that the opportunity to develop it was existing, so the Ministry took the development plan due to the feasibility of this, explaining that the development of the …
Finalization of the development of the Delta Steel Plant by mid 2022 Read More »
The financial indicators of the Egyptian Iron and Steel (Hadisolb) showed net losses of EGP 437.05 million in the first half (H1) of fiscal year 2020/2021, down by 8.6% year-on-year (YoY) from EGP 478.18 million. The steel manufacturer’s revenues fell to EGP 555.28 million in the July-December period of 2020, compared to EGP 583.25 million …
Hadisolb’s loss narrows to EGP 437m in H1-20/21 initial results Read More »
The Arab Iron and Steel Union organized a symposium on preventive maintenance systems in the Dakahlia Company for the manufacture and refining of sugar, and a group of engineers of the company’s factories participated in this symposium and the symposium dealt with: – The difference between maintenance technology and maintenance management The concept of maintenance …
The extraordinary general assembly of the Egyptian Iron and Steel Company, one of the companies and the Ministry of Public Business Sector decided today, Monday, to liquidate the Iron and Steel Company after 67 years of its activity. The association clarified today, Monday, that the reason for the liquidation of the Egyptian Iron and Steel …
Egypt Ezz Steel Ezz Steel is one of the fastest growing and most technically advanced steel producers in the world. It is the largest independent steel producer in the Middle East and North Africa, exporting high-quality steel products to many countries around the world. It has become established as a leader in the …
Egypt Ezz Dekheila Steel Ezz Steel is one of the fastest growing and most technically advanced steel producers in the world. It is the largest independent steel producer in the Middle East and North Africa, exporting high-quality steel products to many countries around the world. It has become established as a leader in the …
Egyptian Iron and Steel (Hadisolb) approved valuation reports of its land plots as part of a debt settlement process. These lands have been valued based on debt settlement protocols between Egyptian Iron and Steel, Metallurgical Industries Holding Co, Banque Misr, and Petrotrade, the steel manufacturer said in a bourse disclosure on Sunday. The company’s land …
Egyptian Iron and Steel approves land valuation at EGP 1.23bn to settle debt Read More »
Dr. Jamal Hendawy, CEO of the Sinai Manganese Company of the Holding Company for Chemical Industries, a company of the Ministry of Public Enterprise Sector, revealed that on the morning of Thursday, December 10, 2020, the operation of the Ferro Manganese Alloy Factory actually began, in order to produce silicon manganese alloys for the first …
Council of Arab Economic Unity Egypt Connection: 14 Haroun Street, Dokki, Giza – Arab Republic of Egypt Pour. 1 Mohamed Farid, Cairo, Arab Republic of Egypt Phone: 0020237602432 – 0020237602459 Fax: 0020237602698 Email: [email protected] Website: https://council.caeuweb.org/
The Board of Directors of Egyptian Iron and Steel Company decided to launch a public bid through sealed envelopes, for the sale of scrap items. The company clarified in a statement to the Egyptian Stock Exchange, today, Wednesday, that the scrap items are scrap railway tractors, scrap cars and car bodies, scrap equipment (loaders – …
Egyptian Iron and Steel Company approves bidding for selling scrap items Read More »
The Egyptian Iron and Steel Company called for an extraordinary general assembly next January to approve the reasons for dividing the company into two companies. The company said in a statement to the stock exchange today, Monday, that the extraordinary general meeting scheduled for January 11, 2021, will discuss approval of dividing the company horizontally …
Arab Iron and Steel Union organized a symposium on maintenance systems at the Egyptian Company for Metal Constructions (METALCO), one of the companies of the Metal Holding Company, a member of the Board of Directors of the Union. A group of engineers of the company’s factories participated in this symposium. The symposium dealt with: – …
Arab Iron and Steel Union organizes a symposium on maintenance systems in Metalco Read More »
The consolidated net losses of Ezz Dekheila Steel – Alexandria increased by 54.49% year-on-year (YoY) to EGP 3.48 billion in the first nine months of 2020, compared to EGP 2.25 billion, including minority shareholders’ rights. Th steel manufacturer’s sales dropped to EGP 22.98 billion in the January-September period from EGP 29.75 billion in the prior-year …
Ezz Dekheila Steel’s loss widens 3.48 billion pounds in 9 months Read More »
Egyptian Iron and Steel Company revealed the details of establishing the company from which it was split after the extraordinary general assembly agreed to divide the company and separate the mining activity in an independent company. The company said, in a report to the board of directors sent to the stock exchange today, Monday, that …
Egyptian Iron and Steel reveals the details of the new company for mines and quarries Read More »
Ahmed El-Ziny, head of the Building Materials Division at the General Federation of Chambers of Commerce in Egypt, said that the steel companies announced another increase in their prices at a value of 500 pounds per ton, starting today November 27, and this increase is the second in one week, so that the total increase …
The unaudited financial results of the Egyptian Iron and Steel showed net losses of EGP 274.48million during the first quarter (Q1) of fiscal year 2020/2021, down by 25.4% year-on-year (YoY) from EGP 367.8 million. The steel manufacturer’s sales fell to EGP 237.72 million in the July-September period from EGP 280.31 million in the prior-year period, according to a bourse disclosure on Tuesday. The …
Egyptian iron and steel losses declined 25% in the first quarter Read More »
ٍSteel companies in Egypt announced new prices for rebar, with an increase of 500 pounds per ton over the prices of last October, as of November 19, so that the price per ton of Ezz Steel Group, the delivery of the factory land, reached 10600 pounds per ton. Beshay Steel Group announced its price of …
Egypt: Rebar prices increase 500 pounds, from 10100 to 10600 pounds Read More »
Eng. Mohamed Al-Saadawi, Chairman of the Board of Directors of the Holding Company for Metal Industries, and Chairman of the General Assembly of Subsidiaries, one of the Ministry of Public Business Sector companies, approved the results of the work of three companies belonging to the fiscal year 2019/2020. The extraordinary and ordinary general assemblies were …
“Mineral Holding” announces the formation of the Board of Directors of El Nasr Pipes Read More »
The General Assembly of Delta Steel Company headed by Eng. Mohamed El Saadawy, Chairman of the Mineral Holdings, approved the results of the fiscal year 2019-2020, and decided to amend the Articles of Association and the Articles of Association in accordance with the amendments to Law No. 203 of 1991 in Law No. 185 of …
The value of Egypt’s exports of iron and steel in the first 9 months of 2020 decreased by 18%, to $438 million compared to $535 million in the same period in 2019, according to the monthly report issued by the Building Materials Export Council. According to the report, steel was exported to 76 countries, including …
Egypt’s exports of iron and steel decreased by 18% in 9 months Read More »
The Ordinary and Extraordinary General Assembly of the Egyptian Iron and Steel Company approved the financial statements for the last fiscal year, and the continuity of the company. The company stated in a statement issued today, Tuesday, that the ordinary general assembly approved the report of the board of directors and the financial statements for …
Egypt’s exports of iron and steel declined in the first 8 months of 2020 to $365 million , compared to $497 million in the same period in 2019, a decrease of 26%. The monthly report issued by the Building Materials Export Council indicated that the value of Egyptian steel exports increased by 64% last August, …
Egypt’s exports of iron and steel record $365 million in 8 months Read More »