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
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 »
EMSTEEL has announced the launch of its Asset Enhancement Programme – a strategic initiative with a CapEx of approximately AED 625 million, designed to enhance production capabilities and introduce advanced steel solutions to meet growing market demands. The programme directly aligns with the UAE’s Operation 300bn, aiming to upscale innovation in the UAE’s industrial sector …
Saudi Iron and Steel Company (Hadeed) has lowered its long steel prices by SAR 50 (USD 13) per ton for March deliveries. The new pricing sets rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm) is now priced at SAR 2,320 (USD 618) per ton. The company has set …
Saudi Iron and Steel Company – Hadeed cuts rebar prices for March deliveries Read More »
Libya intends to become a supplier of direct reduced iron (DRI) in the Mediterranean basin and beyond with the announcement of a DRI complex based on MIDREX Flex® technology to be built in the Benghazi region. TOSYALI SULB Steel Industries, which was formed by TOSYALI and Libya United Steel Company for Iron & Steel Industry …
TOSYALI SULB awards order to Midrex and SMS group for DRI complex Read More »
The profits of the National Iron and Steel Company – Watani Steel , which works in the production and manufacture of iron blocks and reinforcing steel, rose to 9.9 million riyals by the end of 2024, compared to profits of 4.2 million riyals achieved in the same period in 2023. Item 2023 2024 Change Revenue …
Saudi Arabia: Watani Steel profits 9.9 million riyals by the end of 2024 Read More »
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for March production will remain unchanged. The company’s price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai, Sharjah, and the Northern Emirates are priced at AED 2,668 (USD 726) per ton. …
Emirates Steel keeps rebar prices unchanged for March Read More »
Rebar prices in Egypt this week ranged between EGP 32,700 – 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 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 34,000, El Komy Steel EGP …
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 …
The Arab Iron and Steel Union held today the fourth technical committee meeting at the headquarters of FOULATH Club in Manama, Kingdom of Bahrain. During this meeting, the opportunities and challenges facing Arab steel companies to achieve carbon neutrality in the iron and steel industry were studied, and a “comparative study of direct reduction technology …
Arab Iron and Steel Union holds the fourth technical committee meeting in Bahrain Read More »
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 …
MSTEEL (‘The Group’, one of the GCC region’s largest publicly traded steel and building materials manufacturers, today unveiled its ambitious decarbonization strategy. The company aims to achieve a 40% reduction in absolute greenhouse gas (GHG) emissions in its Steel Business Unit and a 30% reduction in its Cement Business Unit by 2030, using 2019 as …
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 …
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 …
EMSTEEL announced today its preliminary (unaudited) financial results for Full Year 2024. During 2024, EMSTEEL maintained overall steel production volumes in line with the level attained during 2023. The Group delivered total revenues of AED 8.3 billion, approximately 6% lower than the AED 8.9 billion reported for 2023. This decrease in revenue is due to …
EMSTEEL delivers AED 8.3 billion in revenue for 2024 Read More »
Engineer Saeed Ghumran Al Rumaithi, CEO of Emsteel Group, stated that the group achieved good performance in 2024, noting the group’s focus on the local market to increase its sales volume in particular, with the launch of new projects, and the group’s success in outperforming many competitors, and achieving growth in its business. Al Rumaithi …
Al Rumaithi: We cover 60% of the local market’s needs for iron products Read More »
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 …
The Ministry of Commerce and Industry in Qatar announced the signing of an agreement between Qatar Steel and Bahrain Steel, worth $1.266 billion, covering 5 million metric tons over five years, which will enhance industrial cooperation between the two sides and strengthen the steel industry in the region. The ministry stated in a statement that …
Qatar Steel and Bahrain Steel Sign $1.266 Billion Supply Agreement Read More »
In 2024, Qatar Steel’s sales volume amounted to approximately 2.7 million tons of various products, an increase of 38.1% year-on-year, according to the corporate report. DRI/HBI came in first place with a volume of approximately 1.4 million tons and a percentage of 53% of the sales volume and an increase of 167% compared to sales …
Qatar Steel’s sales of DRI/HBI increased by 167% in 2024 Read More »
Emsteel Group has forged strategic partnerships to pioneer streamlined raw material transport and cross-border rail connectivity in the GCC, while fostering economic collaboration between the UAE and Oman. The landmark agreements highlight a shared commitment to efficient, sustainable transportation of raw materials critical to EMSTEEL’s cement production, while also aligning with the UAE’s Operation 300bn …
EMSTEEL Expands Regional Collaboration with UAE-Oman Raw Material Logistics Agreement 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, …
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 »
Libyan Iron and Steel Company held a meeting with experts from the Italian company “Danieli”, attended by company officials and a team of technical experts, to discuss plans to develop a slab casting machine and establish a new crucible furnace in Steel Plant 2. The meeting witnessed extensive discussions on the latest technologies used globally …
Libyan Iron and Steel Company Discusses Modernization of Steel Plants with Danieli 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
Saudi Iron and Steel Company (Hadeed) has released its long steel prices for February deliveries. The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) has been reduced by SAR 70 (USD 18) per ton to SAR 2,370 (USD 631) per ton. Above prices are …
Hadeed updates long steel prices for February deliveries Read More »
The rebar market in Saudi Arabia witnessed a decline in prices in most months of the year 2024 compared to the same period in 2023. The average price of rebar in 2024 amounted to about 2903.81 riyals, a decrease of 3.1% compared to the average price of the same rebar in 2023, which amounted to …