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
The Iron and Steel Mines and Quarries Company achieved sales of EGP 156.75 million in February. Sales from the Bahariya Oasis mines in January reached EGP 156.69 million, and sales from the Beni Khaled quarries in Samalut reached approximately EGP 57,970. The profits of the Iron and Steel Company for Mines and Quarries increased by
Egypt: EGP 156.75 Million in Sales for Iron and Steel Mines and Quarries in February Read More »
Engineer Mohamed Saadawi, Chairman of the Metallurgical Industries company, revealed the goal of operating Delta Steel at full production capacity in the second quarter of this year. In a press conference organized by the Ministry of the Public Business Sector, he stated that the company’s first production line was facing some problems, which required the
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 32,500, El Komy Steel EGP
Rebar prices in Egypt March 24, 2025 Read More »
Ezz Steel is preparing to file an objection to the methodology used by the European Commission to calculate provisional anti-dumping duties on its products, a company official revealed to Asharq Bloomberg. The official, who declined to be identified due to the sensitivity of the matter, confirmed that the objection will be filed “within days.” The
Egypt: Ezz Steel to Object to EU Anti-Dumping Duty Calculation Methodology 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 32,500, El Komy Steel EGP
Rebar prices in Egypt March 18, 2025 Read More »
A statement from the European Commission revealed that the European Union is considering imposing an initial anti-dumping duty of 15.6% on HRC imports from Egypt, starting April 7. It will continue its studies and reach a final decision in October. The European Union has the right to impose an additional 25% duty on quantities exceeding
EU is considering imposing a 15.6% AD duty on HRC imports from Egypt Read More »
The value of Egypt’s iron and steel imports increased by 20.9% in 2024, reaching $5.179 billion, compared to $4.285 billion in 2023. Foreign trade data showed that iron and steel accounted for 5.5% of Egypt’s total imports last year, amounting to $94.698 billion. A data analysis showed that five countries—China, Russia, the United Kingdom, Belgium,
Egypt’s iron and steel imports rise to $5.2 billion in 2024 Read More »
According to Egypt’s State Information Service, Prime Minister Moustafa Madbouli visited Kandil Steel Factory in 10th of Ramadan City. Chairperson Amr Kandil welcomed him to the facility. Executive VP Reham Abou El-Soud noted that exports account for 50pct of production. Following factory upgrades, the workforce grew to 1,400 employees, with investments reaching $25 mln. Modernized
Egypt : Kandil Steel to expand production capacity to 900,000 tons annually Read More »
Morocco’s Ministry of Industry and Commerce has initiated an anti-dumping investigation into galvanized wire imports from Egypt and UAE. The probe follows a complaint by Moroccan companies Somatref, Sicotrem, Galvaftl, and Sodefer, which allege that these imports are being dumped into the market at unfair prices. The product investigated, classified under HS code 7217.2099.00, is
Morocco : Ministry launches AD probe into galvanized wire imports from Egypt & UAE Read More »
The European Commission has released the results of its preliminary investigation into certain HRC imported from Egypt, India, Japan, and Vietnam. As a result of this investigation, the EU will impose anti-dumping duties on imports from these countries. The leaked preliminary report of the Commission’s anti-dumping investigation proposes provisional duty rates on imports from Egypt
EU sets AD duties on HRC imported from Egypt, India, Japan and Vietnam Read More »
Rebar prices in Egypt this week ranged between EGP 32,000 – 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 33,500, El Komy Steel EGP
Rebar prices in Egypt March 11, 2025 Read More »
ODI, a subsidiary of Al Arjani Group, signed a memorandum of understanding with Al Wahda Industrial Development Company, a subsidiary of El Garhy Group. According to a statement today, ODI will acquire 26.25% of Misr National Steel (Ataka) after completing due diligence and obtaining approval from regulatory authorities and the Egyptian Competition Authority. Misr National
Al Arjani Group Acquires 26.25% of Ataqa Steel Read More »
Hassan El Marakby, CEO of Elmarakby Steel, one of Egypt’s leading steel product manufacturers and suppliers, has shared some of the company’s future plans. Accordingly, Mr. El Marakby stated that the company plans to increase its rebar exports to 140,000 mt this year, with its 2024 rebar exports amounting to 120,000 mt worth $80 million.
Elmarakby Steel plans to invest in renewable energy and increase exports Read More »
Rebar prices in Egypt this week ranged between EGP 32,500 – 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 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,500, El Komy Steel EGP
Rebar prices in Egypt March 03, 2025 Read More »
Ezz Steel Company announced stability in prices starting from March 1, 2025 for the Sixth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.70 EGP
Egypt : Ezz Steel maintains rebar prices for March 2025 Read More »
According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production in January 2025 amounted to 3.6 million tons, down 2% compared to January 2024. Egypt topped Arab countries in steel production during January with a production 890.1 thousand tons, down 9.1%. Saudi Arabia followed with
Crude steel production in Arab countries declined by 2.0% in January 2025 Read More »
Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, paid an inspection visit to Arcosteel factory in Sadat City, one of the most important factories for producing special steel bars and coils in Egypt and the Middle East.. to follow up on the progress of work and
El Marakby Steel has decided to upgrade its mill in collaboration with SMS Group to boost production capacity and reduce operating costs. Following a comprehensive assessment conducted by SMS Group in 2023, the annual production capacity was increased by 10%, from 400,000 tons to 460,000 tons. As industries and market demands evolve over time, SMS
In a move that enhances its leadership in the metal industries sector, Ashry Steel Group announced the initial operation of Galfa Engineering Industries Factory, one of the largest factories for the production of lighting poles and structural towers in Egypt, as part of its strategy to support infrastructure and meet the growing demand in the
Ashry Steel Group launches Galfa Engineering Industries Factory Read More »
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP 34,000. 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 34,500, El Komy Steel EGP
Rebar prices in Egypt February 18, 2025 Read More »
The Egyptian Stock Exchange said that it received the request for voluntary delisting signed by the legal representative of Ezz Steel shares, for 542.354 million shares with a nominal value of EGP 5 per share from the stock exchange tables, voluntarily delisted in implementation of the decision of the Extraordinary General Assembly. The stock exchange
The new 25% tariffs imposed by US President Donald Trump on all steel and aluminum imports are raising concerns and anxiety among steel exporters around the world, especially Egypt, as the US market is the sixth largest market for Egyptian steel exports by the end of 2024. Despite the importance of the US market to
US steel tariffs raise concerns for steel exporters in Egypt Read More »
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP 34,000. 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 34,000, El Komy Steel EGP
Rebar prices in Egypt February 11, 2025 Read More »
The financial indicators of Iron and Steel Mines and Quarries Company revealed, for the first half of the current fiscal year, a 110% increase in the company’s profits, on an annual basis. The company explained in a statement to the Egyptian Stock Exchange that it recorded a net profit of EGP 154.91 million during the
Iron and Steel Mines’ profits jump 110% to EGP 155 million in the first half Read More »
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP38,200. 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 33,500, El Komy Steel EGP 32,500,
Rebar prices in Egypt February 03, 2025 Read More »
Egypt’s rebar production witnessed a remarkable increase in the past month of December, as it exceeded one million tons for the first time and reached 1.025 million tons, an increase of 58% compared to the production of December 2023, accompanied by an increase in rebar sales, which recorded 876 thousand tons in December 2024, by
Rebar production in Egypt witnesses record numbers in December 2024 Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last December amounting to EGP 128.97 million. The company explained, in a statement to the Egyptian Stock Exchange, that the sales of the Bahariya Oasis mines in November amounted to EGP 128.58 million. It added that the value of
Egypt: EGP 129 million in iron and steel sales for mines in December Read More »
Ezz Steel Company announced stability in prices starting from February 1, 2025 for the Fifth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.28 EGP
Egypt : Ezz Steel maintains rebar prices for February 2025 Read More »
According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production in December 2024 amounted to 3.7 million tons, an increase of 3.2% compared to December 2023. Egypt topped Arab countries in steel production in December with a production volume of 991.2 thousand tons, an increase
Arab countries’ crude steel production to rise by 2.6% in 2024 Read More »