Arab Steel Summit

Arab Steel Summit

Egypt

EU starts registration process for HRC imports from four countries

The European Commission has announced that it has started the registration process for imports of HRC from Egypt, India, Japan and Vietnam, which are subject to ongoing antidumping investigations. The registration of imports, which will expire in nine months, will enable the retroactive collection of antidumping duties if necessary. With the registration, the commission aims …

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Arab countries’ crude steel production increases by 1.9 % in January – September 2024

News, steel Statistics / By user

According to the latest report issued by the World Steel Organization on crude steel production, Arab countries’ crude steel production to 3.4 million tons in September 2024, an increase of 2.2% compared to September 2023. Egypt topped Arab countries in steel production in September with a production volume of 867 thousand tons and an increase …

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Ezz Steel announces signing of oil exploration agreements with the government

Ezz Steel said that it has signed, along with a number of Egyptian industrial groups, a framework agreement of intent for consultation and cooperation with the Egyptian government. The company explained in a statement in response to the stock exchange’s inquiries about what was published under the title “Signing oil exploration agreements with Ezz Steel,” …

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Egyptian steel industry witnessed an improvement in Jan – Sep. 2024

News, Public Reports / By user

The Egyptian steel industry witnessed an improvement in the rate of crude steel production by 6% in the first nine months of this year to 7.9 million tons, accompanied by a significant increase in the production of rebar by 11% compared to the same period last year to 6.4 million. The increase in sales was …

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Egypt: EGP 32 million in iron and steel sales for mines in September

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in September amounting to EGP 31.89 million. The company explained, in a statement to the Egyptian Stock Exchange, that the sales of the Bahariya Oasis mines in September amounted to EGP 31.76 million. It added that the value of sales …

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Egyptian steel factories deny deliberately dumping the Moroccan market with CR steel

Iron and steel source attributed the growth of cold steel sheet exports to Morocco because of their low prices compared to competing countries in the Moroccan market, including China. The imports of CR steel from Egypt to Morocco increased by 343% in 2022-2023, while about 6 thousand tons were recorded in the first 5 months …

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Arab Steel Summit kicks off in Qatar with attendance of major Egyptian companies

The Arab Steel Summit kicked off this Monday morning, organized by the Arab Iron and Steel Union, with attendance of major Arab iron and steel companies, Ezz Steel Egypt, El Ashry Steel Group, El Marakby Steel Company, and other Egyptian companies. The Arab Steel Summit, which is being held this year in Doha, the capital …

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Arab Steel Summit: Expected growth in demand for steel products supported by infrastructure projects

George Matta, Head of Marketing Sector at Ezz Steel and Chairman of the Economic Committee of the Arab Iron and Steel Union, expected that demand for steel products in the Middle East region will increase during 2024, supported by infrastructure projects implemented by Egypt, Saudi Arabia, the United Arab Emirates, and Algeria. In his speech …

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Egypt: “International Steel” pumps 5.5 billion pounds to develop “Delta Steel” factory

International Steel for Industry intends to pump investments worth 5.5 billion pounds to develop the Delta Steel Factory, and increase its production capacity of reinforcing steel, steel coils and steel squares during 2025. Ahmed Al-Jarwani, Chairman of the Board of Directors of International Steel for Industry, told “Al-Arabiya Business” that the company will finance about …

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Iron and Steel Mines’ Profits Record EGP 126 Million in Last Fiscal Year

The adjusted financial indicators of the Iron and Steel Mines and Quarries Company revealed a marginal decline in the company’s net profit during the last fiscal year. It explained in a statement to the Stock Exchange that it achieved a net profit of EGP 125.95 million in profits during the period from July 2023 to …

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Minister of Public Business Sector visits Nasr Steel Pipes Company

Engineer Mohamed Shimi, Minister of Public Business Sector, paid a field visit to Nasr Steel Pipes Manufacturing Company, affiliated to the Holding Company for Metallurgical Industries, as part of the ongoing field visits to affiliated companies to monitor the progress of work and modernization and development plans. During the visit, he inspected factories and production …

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$1.3 billion is the volume of Egypt’s iron and steel exports in January – August 2024

A recent report revealed a 15% decline in Egypt’s iron and steel exports in January – August of this year, reaching $1.368 billion, compared to $1.617 billion in the same period last year. Italy came in first place among importers of Egyptian iron with a value of $161 million, followed by Spain with $153 million, …

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Egypt: Returning to Building Law No. 119 of 2008 and stopping the current building requirements

News / By wessam ahmed

Dr. Manal Awad, Minister of Local Development, announced the President of the Republic’s approval of the joint study prepared by the Ministry of Local Development in cooperation with the Ministry of Housing to cancel the building and planning requirements currently in effect in Egyptian cities in the governorates, which were issued in March 2021, and …

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Egypt moves to amend carbon limits to enhance competitiveness

Dr. Mostafa Madbouly, Prime Minister of Egypt, held a meeting with a number of ministers and officials to discuss the mechanism for amending carbon limits to enhance Egyptian competitiveness in the field of exports. Counselor Mohamed El-Homosany, the official spokesman for the Presidency of the Council of Ministers, stated that the meeting discussed the available …

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Canada unveils final dumping margins for Egyptian wire rod exporters

Canada has issued a final determination on the dumping of Egyptian wire rod, according to a notice from the Canada Border Services Agency (CBSA). The CBSA also confirmed final antidumping margins on wire rod imports from China and Vietnam. As a result, Egyptian wire rod exports, particularly from Suez Steel, will face an 8.6% antidumping …

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Report expects Egypt’s steel consumption to grow to 6.8 million tons in 2024

A report by Ezz Steel expects Egypt’s reinforcing steel consumption to increase by 5% in 2024 to 6.8 million tons, driven by the completion of infrastructure projects, the payment of contractors’ dues, and the expected resumption of new building permits. Flat steel consumption is also expected to remain stable at 1.5 million tons in 2024, …

Report expects Egypt’s steel consumption to grow to 6.8 million tons in 2024 Read More »

Egypt’s Rebar Consumption Exceeds 3 Million Tons in H1 2024

Egypt’s rebar consumption increased to 3.059 million tons in H1 2024, up 9%, as a result of the shift in monetary policy that increased the availability of the dollar and stimulated increased construction activity. However, the consumption level is still much lower than the level that prevailed 8 years ago in 2016, which amounted to …

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Egypt’s iron and steel exports decline by 19% during January-July 2024

The value of Egypt’s iron and steel exports declined by about 19% during January-July of this year to reach $1.17 billion, compared to about $1.43 billion in the same period last year, according to government data. The data revealed a decline in Egypt’s iron and steel exports by more than 40% during the month of …

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Egypt: EGP 22.5 million in iron and steel sales for mines in July

The Iron and Steel Company for Mines and Quarries announced achieving total sales in July worth EGP 22.5 million. The company explained, in a statement to the Egyptian Stock Exchange, that sales of the Bahariya Oasis mines in July amounted to EGP 22.49 million. It added that the value of sales of the Beni Khaled …

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Arab Iron and Steel Union holds the ninth meeting of the Economic Committee in Cairo

AISU, News / By user

The Arab Iron and Steel Union held the ninth meeting of the Economic Committee in Cairo, Egypt, in the period from 2-3 September. The committee meeting was attended by representatives of the following countries: Egypt – Algeria – Kuwait – Qatar – Tunisia – Libya. During the meeting sessions, the economic conditions in Arab countries …

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Arab countries’ crude steel production increases by 4.9% in January – July 2024

News, steel Statistics / By user

According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production amounted to 3.4 million tons in July 2024, an increase of 2.7% compared to July 2023. July 2024 production was. Egypt topped Arab countries in steel production in July with a production volume of 959 …

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Global DRI output up 2.4% in July 2024

News, steel Statistics / By user

According to the data released by the World Steel Association (worldsteel), global direct reduced iron (DRI) production in the 13 countries accounting for approximately 91.4% of total world DRI production in 2023 amounted to 10.61 million metric tons in June this year, decreasing by 2.6% month on month and up by 2.4% year on year. …

Global DRI output up 2.4% in July 2024 Read More »

Rebar prices in Egypt August 20, 2024

Rebar prices in Egypt this week ranged between EGP 36,300 – EGP 40,700. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 38,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 37,000, El Komy Steel EGP …

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Egypt’s iron and steel exports to EU declined by 37% in H1 of 2024

Egypt’s exports of iron and steel products to the European Union countries declined by about 37% during the first half of this year, according to government data. The data showed that imports from the European Union countries decreased during the period from January to the end of last June to about $420 million, compared to …

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Egypt: Minister of Public Business Sector visits Delta Steel Company

Engineer Mohamed Shimi, Minister of Public Business Sector, visited Delta Steel Factories Company in Mostorod on Saturday morning, where he was received by Eng. Ayman Attia, Governor of Qalyubia. According to a statement from the ministry today, this comes within the framework of the ongoing field tours of various work and production sites in the …

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EU initiates anti-dumping investigations against “Ezz Steel”

Egyptian Ezz Steel has received a notification from the European Trade Commission that it has begun anti-dumping investigations into imports of hot-rolled flat steel from Egypt, India, Japan and Vietnam, following a complaint filed by the European Steel Association (EUROFER). The company said in a statement on the London Stock Exchange that the complaint calls …

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Turkey’s HRC exports increase by 120% in H1 2024

In June this year, Turkey’s hot rolled coil (HRC) exports amounted to 243,772 metric tons, up by 20.9% compared to May and up by 179.9% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $151.62 million, increasing by 15.4% compared to …

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Rebar prices in Egypt August 12, 2024

Rebar prices in Egypt this week ranged between EGP 37,000– EGP 40,700. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 39,000, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 37,500, El Komy Steel EGP 37,500, El …

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EU to start AD investigation into HRC imports from Egypt, Vietnam, India, Japan

The European Commission (EC) plans to initiate an anti-dumping duty (AD) investigation against imports of HRC from Egypt, Vietnam, India and Japan in a few days. The EU is taking new measures to further protect local steel producers, considering that the existing tariff-rate quotas could not be extended beyond July 2026, according to the WTO …

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El Nasr Pipe Manufacturing Company achieves EGP 77 million in profits and EGP 488.5 million in revenues

El Nasr Pipe Manufacturing Company, one of the companies of the Ministry of Public Business Sector, has succeeded in recovering from its crises and overcoming losses in the last two fiscal years, as the company achieved about EGP 77 million in profits in 2023 and 2024, while achieving about EGP 488.5 million in revenues in …

El Nasr Pipe Manufacturing Company achieves EGP 77 million in profits and EGP 488.5 million in revenues Read More »