Egypt Archives - Page 9 of 22 - Arab Iron and Steel Union

Egypt: Iron and steel mine profits rise to more than EGP 113 million within 9 months

The financial indicators of the Iron and Steel Company for Mines and Quarries showed the first 9 months of the current fiscal year. The company’s profits increased by 16%, on an annual basis. The company explained in a statement to the Egyptian Stock Exchange. It recorded profits after taxes amounting to EGP 113.255 million in …

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Rebar prices in Egypt May 07, 2024

News / By user

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 40,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 39,500. Garhy Steel EGP 40,000, Misr Steel EGP 37,300, …

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Rebar prices in Egypt May 01, 2024

News / By user

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 37,500 – EGP 40,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 40,500, Ashry Steel EGP 39,500. Garhy Steel EGP 40,300, Misr Steel EGP 37,500, El …

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Egypt: Ezz Steel announces the prices of rebar and flat steel for May

News / By user

Ezz Steel Company announced price stability starting May 1, 2024 for the second month in a row. Prices for rebar were EGP 40,700 per ton and flat steel at EGP 41,700 per ton. EXW, including value-added tax. Statement including VAT Rebar 40,700 Flat Steel 41,700

HSBC: The average price of iron ore will exceed $100 in 2024

News / By user

HSBC expects the average price of iron ore to rise above $100 per ton this year, despite the real estate crisis in China hurting the outlook for steel demand in the country. Howard Lau, an analyst at the bank, said: We do not expect a significant increase in iron ore production by the major producers, …

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Egypt: Iron and Steel for Mines and Quarries sells worth 34.24 million pounds in March

News / By user

The Iron and Steel for Mines and Quarries announced that it achieved total sales in the month of last March amounting to 34.242 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines during the month of March amounted to 34.232 million pounds. The company …

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The Chinese “Xin Feng” is establishing a factory for iron products in Egypt for $300 million

News / By wessam ahmed

The General Authority for the Suez Canal Economic Zone in Egypt signed a contract granting a usufruct right for a land with an area of 750,000 square metres, to the Chinese company “WU’AN Million dollars. The authority said in an issued statement that the project provides 1,200 job opportunities, aims to export 70% of its …

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Ezz Steel turns to losses and incurs 716.53 million pounds during 2023 due to currency differences

News / By user

Ezz Steel Company explained in a statement to the Egyptian Stock Exchange that it achieved losses amounting to 716.530 million pounds during 2023, compared to profits amounting to 6.647 billion pounds during the comparative period of 2022, affected by its losses from currency differences amounting to 30.9 billion pounds. According to the company’s disclosure, taking …

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Rebar prices in Egypt April 15, 2024

News / By user

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 37,500 – EGP 46,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 46,500, Ashry Steel EGP N/A, Garhy Steel EGP 40,300, Misr Steel EGP 38,000, …

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Rebar prices in Egypt April 7, 2024

News / By user

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,800 – EGP 46,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 46,500, Ashry Steel EGP N/A, Garhy Steel EGP 46,300, Misr Steel EGP 38,000, …

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Egypt’s steel exports will increase by 65% in 2023

News / By user

In 2023, Egypt witnessed a major boom in its iron and steel exports, rising by 65% year-on-year to reach $2.33 billion, a significant increase compared to $1.41 billion the previous year. According to a report issued by the Export Council for Building Materials, Refractories and Metals, Egyptian suppliers succeeded in penetrating the markets of 87 …

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Egypt: El Marakby Steel targets $110 million in exports in 2024

News / By user

CEO of El Marakby Steel Company, Hassan El Marakby, said that the company aims to increase its export revenues during the current year by approximately 10%, to rise to $110 million if global markets improve in terms of demand and prices. At the very least, the company will seek to maintain last year’s revenues at …

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Egypt: Suez Steel announces a decline in the prices of rebar

News / By user

Suez Steel Company announced the prices of rebar starting from April 05, 2024, to become EGP 40,500 per ton, aa decrease of EGP 6,000. And flat steel, including value-added tax. Statement including VAT Rebar 40,500

Egypt: Ezz Steel announces a decline in the prices of rebar and flat steel

News / By user

Ezz Steel Company announced the prices of rebar starting from April 5, 2024, to become EGP 40,700 per ton, aa decrease of EGP 5,800. And flat steel, EGP 41,700 per ton, a decrease of EGP 8,620 EXW, including value-added tax. Statement including VAT Rebar 40,700 Flat Steel 41,700

Egypt: 19.1 million pounds in iron and steel sales to mines during February 2024

News / By user

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of February of 19.086 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines during December amounted to 19.08 million pounds. She added that the sales value …

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Rebar prices in Egypt April 1, 2024

News / By user

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 47,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP46,500, Bishay Steel EGP 47,000, El Marakby Steel EGP 43,500, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 46,300, Misr Steel EGP 39,000, El …

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Rebar prices in Egypt March 25, 2024

News / By user

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 37,500 – EGP 47,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP46,500, Bishay Steel EGP 47,000, El Marakby Steel EGP 43,500, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 46,300, Misr Steel EGP 39,000, El …

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Egypt recalculates petroleum subsidies in the 2024-2025 budget

News / By user

The Egyptian government intends to recalculate petroleum subsidies in the budget for the next fiscal year 2024-2025, after moving the prices of all categories of gasoline and diesel last night, according to statements by Egyptian Finance Minister Mohamed Maait. About 72 hours ago, the Egyptian Ministry of Finance revealed some indicators of the 2024-2025 budget, …

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Egypt’s steel imports decreased by 18% to $4.2 billion in 2023

News / By user

Egypt’s imports of iron and steel declined by 17.8% during 2023, to record about $4.216 billion, compared to $5.133 billion during 2022, accounting for 5.1% of total Egyptian imports during this year. The data of the Central Agency for Public Mobilization and Statistics explained. 10 countries accounted for 83.5% of Egypt’s total iron and steel …

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Rebar prices in Egypt March 19, 2024

News / By mtaha

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 39,000 – EGP 47,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP46,500, Bishay Steel EGP 47,000, El Marakby Steel EGP 46,500, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 46,300, Misr Steel EGP 40,500, El …

Rebar prices in Egypt March 19, 2024 Read More »

Rebar prices in Egypt March 11, 2024

News / By mtaha

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 40,500 – EGP 47,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP46,500, Bishay Steel EGP 47,000, El Marakby Steel EGP 46,500, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 46,300, Misr Steel EGP 42,000, El …

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Rebar prices in Egypt, March 5, 2024

News / By mtaha

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 44,500 – EGP 54,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP 53,520, Bishay Steel EGP 47,000, El Marakby Steel EGP 53,520, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 45,158, Misr Steel EGP 45,500, …

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Egypt: Suez Steel announces a decline in the prices of rebar

News / By mtaha

Suez Steel Company announced the prices of rebar starting from Mrach 01, 2024, to become EGP 46,500 per ton, aa decrease of EGP 7,020. And flat steel, including value-added tax. Statement including VAT Rebar 46,500

Rebar prices in Egypt February 28, 2024

News / By mtaha

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 44,800 – EGP 54,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP 53,520, Bishay Steel EGP 54,000, El Marakby Steel EGP 53,520, Egyptian Steel EGP 49,920 , Ashry Steel EGP 53,000, Garhy Steel EGP 46,300, Misr Steel EGP …

Rebar prices in Egypt February 28, 2024 Read More »

Egypt considers establish an iron and steel complex worth $4 billion by Danieli

News / By mtaha

The Egyptian government is evaluating a proposal made by Italian plantmaker Danieli to build an integrated green iron and steel complex, entailing an investment of $4 billion, according to the statement released by the country’s cabinet of ministers. The government estimates that the proposed project could attract $2-3 billion worth of investments to create a …

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Egypt: Ezz Steel announces a decline in the prices of rebar and flat steel

News / By mtaha

Ezz Steel Company announced the prices of rebar starting from February 28, 2024, to become EGP 46,500 per ton, aa decrease of EGP 7,020. And flat steel, EGP 50,340 per ton, a decrease of EGP 7,000 compared to yesterday price over EXW, including value-added tax. Statement including VAT Rebar 46,500 Flat Steel 50,340

EU scrap exports rise by 7% in 2023 and Egypt ranks third

News / By mtaha

Scrap exports from the EU in 2023 rose by 7% year-on-year to 18.53 million tons compared to 2022. Exports in 2022 saw a decline of 10% year-on-year for the first time after an upward trend of more than 6 years. In December 2023, EU scrap exports totaled 1.61 million tons, up 41% from December 2022, …

EU scrap exports rise by 7% in 2023 and Egypt ranks third Read More »

Rebar prices in Egypt February 26, 2024

News / By mtaha

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 47,300 – EGP 54,000. The prices were as follows: Ezz Steel EGP 53,520, Suez Steel EGP 53,520, Bishay Steel EGP 54,000, El Marakby Steel EGP 53,520, Egyptian Steel EGP 49,920 , Ashry Steel EGP 53,000, Garhy Steel EGP 47,300, Misr Steel EGP …

Rebar prices in Egypt February 26, 2024 Read More »

$35 billion UAE investment in Egypt to boost local steel demand in mid-term

News / By mtaha

Egypt has announced a large UAE-backed investment in Egypt for the development of a large stretch of the country’s Mediterranean coast, which is expected to benefit the country greatly. In the long run, Egypt is expected to receive additional funds from the increased inflow of tourists, apart from the creation of jobs and higher budget …

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World’s crude steel production declined by 1.6% in January 2024, and Arab countries increased

News, steel Statistics / By mtaha

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.1 million tonnes (Mt) in January 2024, a 1.6% decrease compared to January 2023. Crude steel production by region Area Jan 2024 (Mt) % change Jan 24/23 Jan-Jan 2024 (Mt) % change 24/23 Africa 2.0 16.3 2.0 16.3 Asia …

World’s crude steel production declined by 1.6% in January 2024, and Arab countries increased Read More »

Egypt

Egypt: Iron and steel mine profits rise to more than EGP 113 million within 9 months

Rebar prices in Egypt May 07, 2024

Rebar prices in Egypt May 01, 2024

Egypt: Ezz Steel announces the prices of rebar and flat steel for May

HSBC: The average price of iron ore will exceed $100 in 2024

Egypt: Iron and Steel for Mines and Quarries sells worth 34.24 million pounds in March

The Chinese “Xin Feng” is establishing a factory for iron products in Egypt for $300 million

Ezz Steel turns to losses and incurs 716.53 million pounds during 2023 due to currency differences

Rebar prices in Egypt April 15, 2024

Rebar prices in Egypt April 7, 2024

Egypt’s steel exports will increase by 65% in 2023

Egypt: El Marakby Steel targets $110 million in exports in 2024

Egypt: Suez Steel announces a decline in the prices of rebar

Egypt: Ezz Steel announces a decline in the prices of rebar and flat steel

Egypt: 19.1 million pounds in iron and steel sales to mines during February 2024

Rebar prices in Egypt April 1, 2024

Rebar prices in Egypt March 25, 2024

Egypt recalculates petroleum subsidies in the 2024-2025 budget

Egypt’s steel imports decreased by 18% to $4.2 billion in 2023

Rebar prices in Egypt March 19, 2024

Rebar prices in Egypt March 11, 2024

Rebar prices in Egypt, March 5, 2024

Egypt: Suez Steel announces a decline in the prices of rebar

Rebar prices in Egypt February 28, 2024

Egypt considers establish an iron and steel complex worth $4 billion by Danieli

Egypt: Ezz Steel announces a decline in the prices of rebar and flat steel

EU scrap exports rise by 7% in 2023 and Egypt ranks third

Rebar prices in Egypt February 26, 2024

$35 billion UAE investment in Egypt to boost local steel demand in mid-term

World’s crude steel production declined by 1.6% in January 2024, and Arab countries increased

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