Ezz Steel Company announced stability in prices starting from June 1, 2025 for the ninth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 49.70 EGP
Rebar prices in Egypt this week ranged between EGP 33,700 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 37,500, El Marakby Steel EGP 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,000, El Komy Steel EGP …
Dr. Mostafa Madbouly, Prime Minister, held a meeting to review the challenges facing the iron and steel industry in Egypt and the mechanisms and steps to develop it. The meeting was attended by Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport; Dr. Sherif Farouk, Minister of …
According to the latest report issued by World Steel on crude steel production, Arab countries’ crude steel production reached 3.4 million tons in April, a 1.7% increase compared to April 2024. Egypt topped Arab steel production in April, with 831,000 tons, a decline of -7.2%. Saudi Arabia came in second place with 757,000 tons, a …
Arab countries’ crude steel production increased by 1.7% in April 2025. Read More »
The Egyptian government intends to issue new licenses for the production of billets, a key raw material in the iron industry, as part of a plan to reduce reliance on imports and meet growing domestic demand. Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir said, “The Egyptian government is …
Egypt Prepares to Issue Licenses for Production of Key Raw Material in the Iron Industry Read More »
The Iron and Steel Mines and Quarries Company recorded a jump in profits during the first nine months of the current fiscal year, with a growth rate of 281.42% year-on-year. The company stated in a statement to the Egyptian Exchange that it achieved a net profit after taxes of EGP 431.96 million during the period …
Egypt: Iron and Steel Mines Company’s Profits Jump 281.4% in 9 Months Read More »
As part of the Arab Iron and Steel Union’s objectives to promote human development and enhance skills in the iron and steel sector, the Union trained a group of technicians from Ezz Dekheila Steel through the “Maintenance Management Systems” training program. The program covers the following topics: The concept of maintenance systems management Maintenance organizations …
Rebar prices in Egypt this week ranged between EGP 33,700 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 37,500, El Marakby Steel EGP 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,000, El Komy Steel EGP …
Al Gioshy Steel Group has concluded several new export deals to the Libyan and Sudanese markets, totaling more than 50,000 tons of rebar, as part of the implementation of reconstruction plans for both countries. Engineer Islam Al Gioshy, CEO of the group, stated that Al Gioshy Steel factories currently allocate approximately 20% of their production …
Rebar prices in Egypt this week ranged between EGP 33,700 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,000, El Komy Steel EGP …
Ayman El Ashry, Chairman of the Cairo Chamber of Commerce and Chairman of Ashry Steel Group, stated that during the Labor Day celebrations in the valiant land of Suez, attended by His Excellency President Abdel Fattah El Sisi, the new lines of the Arab Special Steel Factory (Arcosteel), affiliated with Ashry Steel Group, the only …
Despite the decline in rebar prices in the first quarter of 2025, the Egyptian market witnessed a double-digit decline in both production and sales, reflecting challenges facing domestic demand. According to official data issued by the Ministry of Supply and Internal Trade, Egypt’s rebar production in March 2025 decreased by 18% compared to February of …
Rebar production and sales decline in Egypt despite lower prices in Q1 of 2025 Read More »
In a strategic move toward enhancing industrial independence and reducing dependence on imports, Suez Steel, one of the largest iron and steel companies in Egypt and the region, announced the commencement of operations of two new factories, representing a qualitative leap in the production and technological capabilities of the heavy industries sector. The first factory …
Rebar prices in Egypt this week ranged between EGP 33,700 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 34,500, El Komy Steel EGP …
The Iron and Steel Mines and Quarries Company announced total sales exceeding EGP 131 million during the month of March. The company stated in a statement to the Egyptian Exchange that sales from the Bahariya Oasis mines during March amounted to EGP 130.98 million. It added that sales from the Beni Khaled-Samalut quarries amounted to …
Egypt: Iron and Steel Mines Company Sales Reach EGP 131 Million in March Read More »
Ezz Steel Company announced stability in prices starting from May 1, 2025 for the eighth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.70 EGP
The Egyptian government has initiated a safeguard investigation into hot-rolled flat steel products. This measure has been long discussed in the market, with some flat steel manufacturers in the local market having long demanded it. On April 22, 2025, the Minister of Investment and Foreign Trade approved the initiation of a safeguard investigation into the …
Egypt decides to launch safeguard investigation on Increased HRC imports Read More »
Mr. Ayman El-Ashry, Chairman of the Cairo Chamber of Commerce and Member of the Federation of Egyptian Industries, stated that the activities of the second day of the Saudi-Egyptian Business Forum, held in the Saudi capital, Riyadh, witnessed tangible positive results that confirm the depth of economic relations between Egypt and Saudi Arabia. El-Ashry explained …
The General Authority of the Suez Canal Economic Zone announced the laying of the foundation stone for the integrated industrial complex of the Chinese company Xinfeng Egypt Steel in the Sokhna Integrated Zone of the Suez Canal Economic Zone. The economic zone stated in a statement that the project includes nine diverse factories in its …
Foundation stone laid for Xinfeng Egypt Steel Complex in Sokhna Read More »
Rebar prices in Egypt this week ranged between EGP 33,700 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 37,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 35,000, El Komy Steel EGP …
According to the latest World Steel report on crude steel production, Arab countries’ crude steel production reached 3.4 million tons in March, unchanged from March 2024. Egypt topped Arab steel production in March, with 828.3 thousand tons, a decrease of -4.8%. Saudi Arabia came in second rank with 719.3 thousand tons, a decrease of -17.8%. …
Arab countries’ crude steel production increased by 1.0% in Q1 of 2025. Read More »
Rebar prices in Egypt this week ranged between EGP 34,500 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 37,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 35,500, El Komy Steel EGP …
Rebar prices in Egypt this week ranged between EGP 35,000 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 35,500, El Komy Steel EGP …
The European Union announced a 2.5% reduction in the provisional anti-dumping duty imposed on its imports of Egyptian hot-rolled steel, bringing it to 12.8% from 15.3%, effective April 7, for a period of six months until a final decision is made. The Chamber of Metallurgical Industries indicated that this amendment is the result of the …
EU Reduces Anti-Dumping Duty on Egyptian Steel to 12.8% Read More »
Ezz Steel, listed on the Egyptian Exchange under the code ESRS, has sent a clarification regarding the provisional anti-dumping duty imposed by the European Union. The company’s statement, sent to Mubasher Info, stated that it is necessary to correct some interpretations and provide an accurate account of the company’s position and the grounds for its …
Ezz Steel Clarification Regarding EU Anti-Dumping Duty Read More »
Rebar prices in Egypt this week ranged between EGP 31,800 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,000, El Komy Steel EGP …
Ezz Steel Company announced stability in prices starting from April 1, 2025 for the Seventh consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.70 EGP
Egypt’s imports of iron ores and concentrates increased by 1.9% in 2024, reaching $1.658 billion, compared to $1.627 billion in 2023. Foreign trade data issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed that iron ores and concentrates accounted for 1.7% of Egypt’s total imports last year, which amounted to $94.7 billion. …
Egypt’s iron ore imports to rise by about $1.7 billion in 2024 Read More »
According to the latest report issued by World Steel on crude steel production, Arab countries’ crude steel production in February reached 3.531 million tons, an increase of 5.4% compared to February 2024. Egypt topped Arab countries in steel production in February, with a production volume of 893.6 thousand tons, a 6.4% increase. Saudi Arabia followed …
Arab countries’ crude steel production increased by 5.4% in February 2025 Read More »
Ayman Ashry, Chairman of the Cairo Chamber of Commerce, emphasized the importance of his meeting with Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, to discuss ways and mechanisms to advance the iron and steel industry in …