World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.4 million tonnes (Mt) in September 2020, a 2.9% increase compared to September 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production …
world’s production of crude steel rose 2.9% in September Read More »
The modified unaudited financial results of the Egyptian Iron and Steel showed net losses of EGP 982.83 million during fiscal year 2019/2020, down by 35% year-on-year (YoY) from EGP 1.52 billion. Sales slumped to EGP 1.08 billion in the year ended 30 June from EGP 1.24 billion in FY18/19, the company said in a statement …
Egyptian Iron and Steel’s loss down 35% in FY19/20 modified results Read More »
The shareholders of the Egyptian Iron and Steel Company agreed, during the extraordinary general assembly held on Monday, to divide the company by separating the mining and quarrying activities from the company. After the decision, Minister of Public Business Sector Hisham Tawfiq announced that the ministry intends to list the divided company on the Egyptian …
Egyptian Iron and Steel Company agrees to separate the mining activity Read More »
The Holding Company for Metal Industries, one of the Ministry of Public Business Sector companies, agreed to accept the resignation of the Chairman and members of the Iron and Steel Board of Directors, effective October 6, 2020. The company’s statement said today that the Board of Directors of the Mineral Holding, headed by Eng. Mohamed …
Mineral Holding appoints a new board of directors for Egyptian Iron and Steel Company Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.2 million tonnes (Mt) in August 2020, a 0.6% increase compared to August 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production update. China produced 94.8 …
world’s production of crude steel up 0.6% in August Read More »
The Building Materials and Refractories Export Council announced that the value of Egypt’s exports of iron and steel in the first 7 months of 2020 to $ 306 million, compared to $ 461 million in the same period of 2019, a decrease of 34%. The monthly report issued by the Council indicated that 10 countries …
Egypt’s exports of iron and steel $306 million in 7 months Read More »
The adjusted financial statements of the Egyptian Iron and Steel (Hadisolb) showed a 41.88% year-on-year (YoY) decline in its net losses to EGP 887.37 million in fiscal year 2019/2020, compared to EGP 1.52 billion in the previous fiscal year. he adjusted financial statements of the Egyptian Iron and Steel (Hadisolb) showed a 41.88% year-on-year (YoY) …
Egyptian Iron and Steel Company sees 42% lower net losses in FY19/20 Read More »
It seems that the gas file is still permanently controlling the industrial sector in Egypt during this period, in light of the decline in demand for products exported to some sectors as a result of the increase in their prices locally, due to the high cost of production due to the rise in gas prices …
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in July 2020, a 2.5% decrease compared to July 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production …
World crude steel production decreased by 2.5% in July Read More »
Egypt’s exports of “iron and steel” and “cement” retreated in the first 6 months of 2020 to record $315 million compared to $483 million during the same period in 2019, a decrease of 34.8%. The monthly report issued by the Export Council for Building Materials, Refractories and Metal Industries indicated that 8 countries (Saudi Arabia, …
The unaudited consolidated financial results of Ezz Steel showed a 20% year-on-year (YoY) drop in its net losses to EGP 860 million during the first quarter (Q1) of 2020 from EGP 1.08 billion, including minority shareholders’ rights. The company’s net losses after taxes amounted to EGP 1.35 billion in Q1-20, up from EGP 1.27 billion …
Ezz Steel’s loss narrows to EGP 860m in Q1-20 initial results Read More »
Platts Steel said that the Egyptian government’s decision to exempt the industries used for flat steel from the development fee of 10% on imports of final steel products that it supports, in particular, Turkish exports of steel plate to Egypt, which witnessed a significant increase this year according to local sources in Turkey. Platts Steel …
Exemptions in Egypt import duty could support Turkish flats exports Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes (Mt) in June 2020, a 7.0% decrease compared to June 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production …
world’s production of crude steel declined 6.0% in H1 2020 Read More »
The Egyptian Ministry of Finance exempted imported iron imports from abroad, whether from alloys or non-alloys. As a production requirement for companies and factories production from the fee of the state resource development “issued by Law n° 83” of the year, following the Ministry of Finance request approval from the Tax and Customs Committee of …
Finance Ministry exempts imported steel products from 10% development fee Read More »
Egypt Tabbin Institute for Metallurgical Studies Tabbin Institute for Metallurgical Studies was established to provide the metallurgical, metallurgical and engineering industries with their technical cadres capable of fulfilling the responsibilities of managing, operating and continuously updating these industries. The policy of scientific cooperation domestically and internationally with major specialized centers in most of the …
Egypt El Nasr Steel El Nasr Steel Pipes & Fittings is one of the subsidiaries of the Holding Company for Metallurgical Industries, one of the largest and oldest companies in the production of steel pipes in Africa and the Middle East in 1962. The company occupies a distinguished and prestigious place in the global competition …
Egypt Metallurgical Industries Holding MIH operates as a holding company which through its subsidiaries, produces aluminum, steel bars and wires, ferrosilicon alloys, glass, iron products, mining products and steel pipes among other commodities. MIH was established by the Presidential Decree No. 429 of 1983 under the name of the Public Sector Authority for Metallurgical …
Egypt Delta Steel Delta Steel Mills is one of the oldest steel companies in Egypt. The company was established in 1947 and since then the company has been developing the production units and applying modern management methods and systems. With a production capacity of 250 thousand tons in 2019 and the second phase with a …
Egypt Suez Steel Suez Steel Company is one of the largest steel producers in Egypt and with the rapid progress witnessed by the steel production sector, it has adopted a policy of continuous investment in its factories and human resources, in order to ensure its production capacity to increase the demand in the market. Thanks …
Egypt Ezz Rolling Mills Co. 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 …
Egypt Ezz Flat Steel Co. 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 …
Egypt ARCOSTEEL ARCOSTEEL is established since 1992 as an Egyptian stock company under Law 230/1989. The company has a mixed Egyptian and Arab capital of 100 millions dollars. The total Investment is about 278 millions dollars. The Company is Located at the 5th industrial zone , Sadat City – Egypt equipped with high technologies …
Dr Taha Mattar was appointed as Chairman of Tebbin Institute for Metallurgical Studies (TIMS). Dr Mattar has been a Professor of Steel and Ferroalloys for the Central Metallurgical Research and Development Institute (CMRDI) since 2010. Ex-Chairman for Central Metallurgical R&D Institute (CMRDI) in Egypt; 27th Dec. 2018, Member of Managing Board, Egyptian Company of Ferroalloys. …
Dr. Taha Mattar Chairman of Tebbin Institute of Metallurgical Studies Egypt Read More »
The monthly report issued by Export Council of Building Materials in Egypt revealed a decline in iron and steel exports in Q1 in 2020 ″ to record $138 million compared to $213 million in the same period last year, down by 35%. The report indicated that 5 countries acquired 67% of Egypt’s total steel exports in the …
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.1 million tonnes (Mt) in March 2020, a 6.0% decrease compared to March 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates from national and regional associations, which may be revised with …
World crude steel production decreased by 6% in March Read More »
EGYPT SUEZ STEEL Capacity 2017 – 1000 tons PLANS DRI EAF steel Semi-finished products Long products SUEZ STEEL 1800 2400 2400 800 Capacity 2018 – 1000 tons COMPANY Long Products Semi-Finished EAF Steel DRI SUEZ STEEL 800+1400 2400 2400 1950
Egyptian Minister of Industry and Trade Neven Jameh decided to extend the current duties imposed on Egypt’srebar and billet import tariffs , and postpone their reduction for 6 months until October 11, when it was scheduled to decrease from 16% for billet starting from April 12, 2020 to 13 %, But the reduction was postponed to …
The activities of the training course started in the field of modern trends in the management of public relations and communication organized by the Arab Iron and Steel Union in Cairo. The program aims to provide the participants with basic information related to the nature and concept of public relations. It also aims to develop …
Training course in public relations and communication for Imetal Group -Algeria Group Read More »
EGYPT DELTA STEEL MILL Capacity 2017 – 1000 tons PLANS EAF steel Semi-finished products Long products DELTA STEEL MILL 200 200 130 Capacity 2018- 1000 tons COMPANY Long Products Semi-Finished EAF Steel DELTA STEEL MILL 90 60 60
Hisham Tawfiq, Minister of Public Business Sector, said that Delta Steel was developed to double the production capacity 5 times the current production. The production capacity of the billet ovens has been developed to reach 250 thousand tons annually, so far. The minister pointed out that the second stage of development begins this year to …
After the development of Delta Steel : EGP 200 million , expected profits Read More »