The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of August amounting to 24.183 million pounds. The company explained in a statement to the Egyptian Stock Exchange that sales of Bahariya Oasis mines during August amounted to 24.12 million pounds. She added that the sales value …
Egypt : 24.18 million pounds in iron and steel sales to mines in August Read More »
Egypt and C2X, a subsidiary of the global container shipping company Maersk, signed a new framework agreement worth up to $3 billion to produce green fuel and its derivatives in the Suez Canal Economic Zone, according to a statement issued by the Egyptian Prime Minister’s Office today. The General Authority for the Suez Canal Economic …
Egypt signed an agreement with Maersk worth $3 billion to produce green fuel Read More »
The Executive Vice President of the Mining Sector at the National Industrialization Company, Dr. Fadi Trabzoni, details of the first pig iron shipments from Jizan to the United States. Trabzoni added, during his interview broadcast on Al-Ekhbariya channel, that the shipment is estimated at 37 thousand tonnes and will be exported from the first and …
Saudi Arabia: Exporting 37 thousand tonnes of pig iron to the United States Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 30,500 – 34,000, EXW. The companies that did not change prices are Ezz Steel, 32,135 pounds, Suez Steel, 32,050 pounds, Beshay Steel, 34,000 pounds, Al-Maraqby Steel, 32,000 pounds, Egyptian Steel, 32,050 pounds, Al-Garhy Steel, 32,000 pounds, and El-Gyoushi Steel, 31,000 …
Latest rebar prices update in Egypt is September 26, 2023 Read More »
The Arab Iron and Steel Union is scheduled to hold the first meeting of the Union’s Technical Committee on October 28 in Cairo, Egypt, coinciding with the 16th Arab Steel Summit and the 127th Board of Directors meeting at the Royal Maxim Palace Kempinski Hotel – Cairo. It is scheduled that during this meeting the …
Arab Iron and Steel Union holds the first technical committee meeting in Egypt Read More »
The Arab Iron and Steel Union held the seventh meeting of the Economic Committee in Cairo – Egypt in the period from 17 – 18 September, at the invitation of Ezz Steel Company, at the Four Seasons Hotel Nile Plaza Garden City. The committee meeting was attended by representatives of the following countries: Egypt – …
Arab Iron and Steel Union holds the seventh meeting of the Economic Committee in Cairo Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 31,500 – 34,000, EXW. The companies that did not change prices are Ezz Steel 32,135 pounds, Suez Steel 32,050 pounds, Beshay Steel 34,000 pounds, Al-Maraqby Steel 32,000 pounds, Egyptian Steel 32,050 pounds, El-Ashry Steel 32,500 pounds, El-Garhy Steel 32,000 pounds, …
Latest rebar prices update in Egypt is September 19, 2023 Read More »
The UAE’s largest clean energy producer plans to double its capacity this year, helping boost the green potential of the country ahead of the climate conference. Abu Dhabi Future Energy Company Masdar, which runs projects from the UK to Asia, aims to boost its global capacity to about 40 gigawatts by the end of the …
The Emirati “Masdar” plans to double its capacity this year Read More »
The deal was concluded for $324 million to settle the debts of companies affiliated with the Beshay Group The “National Service Projects Agency” in Egypt acquired up to 24% of 3 companies affiliated with the “Beshay Steel” group in deals amounting to about EGP 10 billion ($324 million) to settle debts, according to two sources …
The National Service Authority in Egypt acquires 24% of 3 steel companies Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 30,900 – 34,000, EXW. Today Steel prices are as follows: Company Price in EGP Indicator w-w Ezz Steel 32,135 Suez Steel 32,050 Beshay Steel 34,000 El Marakby Steel 32,000 Egyptian Steel 32,050 Ashry Steel 32,500 Garhy Steel 32,000 Misr Steel …
Latest rebar prices update in Egypt is September 9, 2023 Read More »
General Secretariat of Iron and Steel extends its deepest condolences and sympathy to the Nigerian contingent and to the families of the victims of the floods that struck the country and claimed the lives of many people, the wounded and the missing, and left a great legacy. Asking God Almighty to inspire those with patience …
The Secretariat General of the Arab Iron and Steel Union extends its deepest condolences and sincere sympathy to the brotherly Moroccan people and the victims’ families of the earthquake that struck the country, claiming the lives of many people, the injured and the missing, and left great destruction. Asking the Almighty God to inspire their …
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 31,500 – 34,000, EXW. Today Steel prices are as follows: Company Price in EGP Indicator w-w Ezz Steel 32,135 Suez Steel 32,050 Beshay Steel 34,000 El Marakby Steel 31,600 Egyptian Steel 32,050 Ashry Steel 33,000 Garhy Steel 32,000 Misr Steel …
Latest rebar prices update in Egypt is September 4, 2023 Read More »
According to a statement on its website on Sunday, the Saudi Public Investment Fund announced a deal to launch a giant company for the iron and steel industry through its acquisition of the two largest iron companies in the Kingdom. According to two separate statements from the Public Investment Fund and the Saudi Basic Industries …
The Saudi Public Investment Fund acquires the two largest steel companies in the Kingdom Read More »
Ezz Steel Group announced the flat steel prices for August, unchanged for the seventh month in a row, at 34,485 EGP per tonne, EXW, including value-added tax. Statement including VAT Flat Steel 34,485
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 32,050 – 34,000, EXW. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, and Egyptian Steel EGP 32,050 The companies that raised prices are Beshay Steel from EGP 33,000 to EGP 34,000, …
Latest rebar prices update in Egypt is August 29, 2023 Read More »
In recent years, Algeria has transformed from an importer of iron and steel – especially reinforcing steel – into an exporter thanks to two factories, one of which is the result of a partnership between the Algerian government Cedar Group with a share of 46% and the “Qatar Steel International” company affiliated with Qatar Mining …
Algerian Qatari Steel Company is a model of successful Arab partnerships Read More »
In June this year, Turkey’s total welded tube exports increased by 38.0% month-on-month to reach 201,678 tonnes and decreased by 11.0% year-on-year, according to data provided by the Turkish Statistical Institute (TUIK). The value of these exports amounted to $205.06 million, an increase of 33.4% on a monthly basis, and a decrease of 25.9% compared …
Morocco leads the Arab countries importing steel tubes from Türkiye in H1 2023 Read More »
Bahrain Steel Company, a subsidiary of Foulath Holding Company, one of the global leaders in the production and supply of high-quality iron ore pellets, has signed a letter of intent with Essar International Group to supply iron ore pellets to the Arab Green Steel project. The signing ceremony was held on Wednesday, August 16, 2023 …
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 31,500 – 33,000, EXW. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 33,000, El Marakby Steel EGP 31,500, Egyptian Steel EGP 32,050, Ashry Steel EGP 32,000 and Garhy …
Latest rebar prices update in Egypt is August 22, 2023 Read More »
The Algerian Qatari Steel Company was able to obtain a certificate of conformity of quality for reinforcing steel from the State of Poland after completing all audit procedures on the company’s production operations, and confirming the quality tests that our products were subjected to, which were in conformity with the marketing specifications in force in …
According to the General Authority for Statistics, the average price of a tonne of rebar steel in the Kingdom of Saudi Arabia in July 2023 ranged between 2613.52 – 4082.53 Saudi riyals, a decrease between 0.28% and -1.01% compared to June in 2023, and a decrease between -9.31% and -28.75% compared to July 2022. Average …
Rebar prices decreased in the Kingdom of Saudi Arabia in July 2023 Read More »
The profits of Bena Steel Industries Company in the Kingdom of Saudi Arabia, which operates in the field of iron rolling services, manufacturing structural steel, iron tubes, presses and wagons, decreased to 5.2 million riyals at the end of the first half of 2023, compared to profits of 11 million riyals for the same period …
Saudi Arabia: Bena Steel Industries profits decreased to 5.2 million riyals in H1 2023 Read More »
The Russian “Novestal M” Holding Company, which specializes in the reinforcing steel industry, informed the Egyptian government of its desire to expand in the Egyptian market during the next stage, by establishing a factory for it in Egypt, and intensifying cooperation in projects undertaken by the Egyptian state. The Egyptian Minister of Trade and Industry, …
The Russian Steel Company «Novestal M» intends to expand in Egypt Read More »
Rebar prices stabilized in the local market in the UAE, for the third month in a row during the current year 2023 (June, July, August) at an average of 2450 dirhams per ton, according to data from manufacturers. Prices recorded a decline of 11%, to 2450 dirhams per ton in June, compared to the same …
UAE: Rebar prices stabilized for the third month in a row Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 30,500 – 33,000, EXW. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 33,000, El Marakby Steel EGP 31,500, Egyptian Steel EGP 32,050, and Ashry Steel EGP 32,000. The …
Latest rebar prices update in Egypt is August 15, 2023 Read More »
The Board of Directors of the Chamber of Commerce in Cairo Governorate elected Ayman El-Ashry as Chairman of the Board of Directors of the Chamber by acclamation, with Sherif Yahya as First Deputy and Sayed El-Nawawy as Second Deputy, with Ashraf El-Shimy as General Secretary, and Salah El-Abd as Treasurer, and with him Ashraf Khader …
Election of Ayman El-Ashry as Chairman of the Cairo Chamber of Commerce Read More »
Saeed Al Rumaithi, CEO of Emirates Steel Group – Arkan, confirmed that the company aims to demonstrate the flexibility of its results in the face of any market turmoil and to continue improving the company’s profitability. Al-Rumaithi said in an interview with Al-Khaleej: “The group owns 65% of iron sales in the local market, and …
Eng. Saeed Al-Rumaithi: Emirates Steel – Arkan is expanding in 3 new markets Read More »
Oman and Etihad Rail signed a memorandum of understanding with Jindal Steel and Energy Company. With the aim of providing sustainable logistical solutions to transport up to 4 million tons annually of “Jindal” raw materials and products. From its industrial complex in the port of Sohar to the United Arab Emirates, via the Emirati-Omani railway …
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 29,400 – 33,000, EXW. The companies that did not change prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, and Egyptian Steel EGP 32,050. While the companies that reduced prices are Beshay Steel EGP 38,000 to from EGP 33,000, …
Latest rebar prices update in Egypt is August 7, 2023 Read More »