In a historic achievement that is considered a turning point in the Egyptian mining industry, Sun Rise, a leading company in the field of exporting and recycling industrial waste, announced the signing of an agreement with the Egyptian Iron and Steel Company for Mines and Quarries to export iron ore to China during 2025. This
Sun Rise Paves the Way for Iron Ore Exports in Egypt 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 36,800, Misr Steel EGP 33,500, El Komy Steel EGP 32,700,
Rebar prices in Egypt January 27, 2025 Read More »
Dr. Mostafa Madbouly, Prime Minister, issued a decision to form specialized advisory committees to enhance communication between the government and experts in various private sector fields, as part of the approach aimed at strengthening permanent channels for exchanging visions and proposals to support the policy-making process. The decision stipulated the formation of 6 specialized advisory
Egyptian long steel producer El Marakby Steel has received technical approval for rebar exports to Brazil from the Falcao Bauer Quality Institute, the company announced in a statement. The certification confirms El Marakby Steel’s ability to produce steel rebar in various grades ranging from 6.3mm to 32mm while adhering to the ABNT NBR 7480:2007 quality
Egypt: El Marakby Steel expands its exports by obtaining a certificate from Brazil 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 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,300, El Komy Steel EGP 33,600,
Rebar prices in Egypt January 20, 2025 Read More »
The steel industry faces major challenges related to climate change and the need to reduce the carbon footprint, which has long been accused of being one of the main influencers of environmental pollution. It must be acknowledged that the largest countries in the world have made international public opinion aware of the need to take
Carbon Neutrality in the Arab Steel Industry Read More »
The Financial Regulatory Authority said that Ahmed Ezz, the main shareholder in Ezz Steel, filed a grievance against the exclusion of his shares and the shares of parties related to him from voting on the decisions of the extraordinary general assembly to voluntarily delist the company’s shares. Ahmed Ezz owns more than 68% of Ezz
Ezz Steel shares jumped more than 5% at the start of trading on Tuesday, topping the Egyptian Stock Exchange after announcing the optional delisting price. By 10:45 am Cairo time, the stock rose 5.08% to EGP 126.8 with EGP 182 million in trading. Ezz Steel decided to set the purchase price for the delisted shares
Egypt: Ezz Steel shares jump more than 5% to top trading Read More »
Rebar prices in Egypt this week ranged between EGP 32,700 – 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 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,500, El Komy Steel EGP 34,000,
Rebar prices in Egypt January 14, 2025 Read More »
A group of Qatari investors are discussing with an Egyptian investor the establishment of a new iron and steel factory with initial investments of up to $100 million, with the target to start operations early next year, according to Al Borsa newspaper. The local investor is set to provide the land and construction in exchange
Egyptian-Qatari alliance plans to invest $100 million in iron and steel factory Read More »
Ezz Steel Company announced the fair value study of the company’s share prepared by BDO Keys Financial Consulting Company for Securities. According to today’s disclosure, Monday, the study concluded that the fair value of Ezz Steel’s share is EGP 138.15, using the weighted average of the income and market approaches. Ezz Steel Company confirmed that
Egypt: “Ezz Steel” announces the fair value of the company’s share Read More »
The Iron and Steel Company for Mines and Quarries announced its success in exporting its first shipment abroad in late November, and work is underway to load the export products during December. The company explained in a disclosure that the total export shipments reached 150 thousand tons, with 3 export shipments. It is noteworthy that
Rebar prices in Egypt this week ranged between EGP 34,000 – 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 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,700, El Komy Steel EGP 34,500,
Rebar prices in Egypt January 07, 2025 Read More »
Rebar prices in Egypt this week ranged between EGP 34,000 – 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 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,700, El Komy Steel EGP 34,500,
Rebar prices in Egypt January 01, 2025 Read More »
Mr. Walid Gamal El-Din, Chairman of the General Authority of the Suez Canal Economic Zone, initialed a contract with Mr. Rafik Boulos Daou, Vice President and Managing Director of Suez Steel Company S.A.E. This contract stipulates that the Suez Canal Economic Zone grants Suez Steel Company a commitment area within the Adabiya Port with a
Egypt’s crude steel production in November decreased by 11% compared to last October to 842,000 tons, and by 9% compared to November 2023, accompanied by a decrease in the rebar production by 10% compared to last October to 763,000 tons, and by 3% increase compared to November 2023. As for local market consumption, rebar sales
Egypt: Rebar production, consumption and prices to decline in November 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 34,000 – 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 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 35,000, El Komy Steel EGP 34,700,
Rebar prices in Egypt December 23, 2024 Read More »
Talks were held between Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, and Tian Haikui, Chairman of “Chinese steelmaker XinFeng”, within the framework of discussing the latest developments in the plan to establish an integrated industrial complex with a total area within the integrated Sokhna area, affiliated
Egyptian-Chinese talks to establish HRC and CRC factories Read More »
Egypt’s iron and steel exports declined in January-October of this year to record $1.695 billion, a decline of 13%, compared to the same period in 2023, which amounted to $1.942 billion. A report issued by the Export Council for Building Materials, Refractories and Metal Industries revealed that the total number of countries to which exports
Egypt’s iron and steel exports decline by 13% in January-October 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 34,000 – 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 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 36,000. Garhy Steel EGP 36,800, Misr Steel EGP 35,000, El Komy Steel EGP 34,700,
Rebar prices in Egypt December 16, 2024 Read More »
Egypt’s imports of iron raw materials decreased by about 19.1% during September, recording $327 million, compared to $405 million in the same period last year 2023, according to data from the external bulletin of the Central Agency for Public Mobilization and Statistics. Ayman Al-Ashry, Chairman of the Board of Directors of Al-Ashry Steel Group, attributed
Egypt’s imports of iron raw materials decreased by 19% in September Read More »
The Building Materials Division of the Cairo Chamber of Commerce held an expanded meeting with a delegation from the Turkish Steel Exporters Association to discuss new ways of cooperation in the coming period in this sector between Egypt and Turkey. Ahmed El-Zeiny, Head of the General Division of Building Materials at the Federation of Chambers
According to the latest report issued by the World Steel Organization on crude steel production, Arab countries’ crude steel production amounted to 3.6 million tons in October 2024, an increase of 0.4% compared to October 2023. Egypt topped Arab countries in steel production in October with a production 950,000 tons and a decline of 7.3%.
Arab countries’ crude steel production rises by 1.7% in January-October 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 34,500 – 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 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 36,800. Garhy Steel EGP 36,800, Misr Steel EGP 35,500, El Komy Steel EGP 35,000,
Rebar prices in Egypt December 02, 2024 Read More »
The Iron and Steel Company for Mines and Quarries announced achieving total sales in last October worth EGP 36.67 million. The company explained, in a statement to the Egyptian Stock Exchange today, that the sales of the Bahariya Oasis mines in October amounted to EGP 36.26 million. It added that the value of sales of
Egypt: EGP 36.7 million in iron and steel sales for mines in October Read More »
Egypt’s steel exports declined in January to September of this year to $1.46 billion, a decline of 18% compared to same period last year. Exports fell by about 11.5% in terms of quantities to 2.25 million tons. The value of steel imports in January – September of this year increased by 33% to $4 billion,
Egypt’s steel exports decline, imports increase in Jan. – Sep. 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 35,000 – EGP 40,700. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 40,700, El Marakby Steel EGP 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 35,500, El Komy Steel EGP
Rebar prices in Egypt November 17, 2024 Read More »
The Egyptian Ministry of Investment and Foreign Trade has announced the launch of an anti-dumping investigation into imports of cold-rolled and coated steel products originating from Turkey and China. The investigation was initiated at the request of local steel producers, including Al-Obour Metal Industries and Kama Metal Coating and Processing. The companies claim that products
The work of the 60th regular meeting of specialized Arab unions operating in Cairo began today with the participation of the Arab Iron and Steel Union, in the presence of the permanent delegates of the member states of the Council, and the heads and secretaries-general of the specialized Arab unions. Ambassador Mohammadi Ahmed Al-Ni, Secretary-General
The International Monetary Fund expects the growth rates of the Egyptian economy to reach 4.5% for the years 2024 and 2025, driven by huge investments in infrastructure and the energy sector. In its latest report on the economic outlook for the Middle East and Central Asia region, the IMF explained that economic growth in Egypt
IMF: 4.5% expected growth rate of the Egyptian economy in 2025 Read More »