Jordan Steel Company announced the rebar prices for August for the 60-gauge steel EXW, between 425-435 dinars per tonne without sales tax and between 505-515 dinars per tonne with tax. Grade Price without tax Price with tax Sales / tonnes Sales / tonnes Min Max Min Max 60 425 435 505 515
Ezz Steel Company said that Ezz Dekheila Steel Company – Alexandria – affiliated – was able to obtain a long-term syndicated loan for a period of 6 years in foreign currency from a number of banks outside Egypt. The company added, in a statement to the Egyptian Stock Exchange today, Sunday, that the loan aims …
Engineer Saeed Ghamran Al-Rumaithi, CEO of Emirates Arkan Group, said that the company achieved strong financial performance during the first half of 2023, despite the challenges facing the industry, due to the increase in demand from the local market, as the percentage of the company’s sales of steel in the local markets amounted to about …
Emirates Steel achieves 55% of domestic sales and 45% of exports abroad in H1 2023 Read More »
The Libyan Iron and Steel Company announced the results of its production and sales during the first of 2023. According to the official report from the company sent to the Arab Iron and Steel Union. The company achieved a production of Hot Briquetted Iron (HBI) amounting to 433.8 thousand tonnes, or 144.6% of the target, …
Report: Libyan Iron and Steel Company achieves production above the target in H1 2023 Read More »
According to preliminary statistics data released by the US Department of Commerce, total US imports of rebar reached 193,326 tonnes in June 2023, up 171.5% from May and up 94.3% from June 2022 levels. In terms of value, total rebar imports amounted to $123.0 million in June 2023, compared to $47.6 million in May and …
Algeria and Egypt are the leading exporters of rebar to US in June Read More »
Within the framework of the activities of the Arab Iron and Steel Union, the General Secretariat, in coordination with the Cairo Regional Office, organized a program of visits for the delegation of the Libyan Iron and Steel Company to a group of steel companies in the Arab Republic of Egypt within the framework of the …
Emirates Arkan Steel Company, EMSTEEL, recorded net profits during the first half of 2023 of about 280.5 million dirhams, an increase of 0.3%, compared to 279.9 million dirhams in the corresponding period of 2022. The company’s revenues in the first half amounted to about 4.43 billion dirhams, compared to 4.6 billion dirhams. The results of …
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of June, amounting to 28.63 million pounds. In a statement to the Egyptian Stock Exchange, the company stated that the sales of Bahariya Oasis mines during June amounted to 28.6 million pounds. She added that the value …
Egypt: 28.6 million pounds of iron and steel sales to mines during June Read More »
Ezz Steel Group announced the flat steel prices for August, unchanged for the sixth month in a row, at 34,485 EGP per tonne, EXW, including value-added tax. Statement including VAT Flat Steel 34,485
According to daily iron prices follow-up in Egypt, rebar prices ranged between EGP 30,400–38,000, EXW. The companies that did not change prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, Egyptian Steel EGP 32,050, Garhy Steel EGP 37,000 and Ashry Steel EGP 34,000. While the companies that reduced prices are …
Latest rebar prices update in Egypt is August 1, 2023 Read More »
Iron and Steel Company for Mines and Quarries, affiliated to the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector, revealed that it achieved total sales of EGP 28.63 million in June. The Iron and Steel Company for Mines and Quarries said that the sales of Bahariya Oasis …
Egypt: EGP 28.6 million in sales of the Iron and Steel Company to mines in June 2023 Read More »
The Ministry of Economy decided to extend the ban on exporting scrap iron and paper waste until September 19, 2023. In its Decision No. 89 of 2023, regarding extending the implementation of Ministerial Resolution No. 50 of 2023, with regard to temporarily stopping the export of scrap iron and paper waste, the ministry revealed the …
UAE stops exporting scrap iron until September 19, 2023 Read More »
Brazilian mining company Vale announced that it had reached two separate agreements to sell 13 percent of its base metals business for $3.4 billion, with the aim of boosting its copper and nickel production. Under the two agreements, a joint venture between the Saudi Arabian Mining Company (Maaden) and the Public Investment Fund will acquire …
Investment Fund and Ma’aden intend to acquire 10% stake in a subsidiary of “Vale” Read More »
“Khalifa Economic Zones Abu Dhabi -Kezad Group” and “Al Jazeera Steel” Company laid the foundation stone for the establishment of a rolling mill for medium structural sections, the first of its kind in the region to manufacture and produce railway rails, with investments amounting to 250 million dirhams on an area of 210 thousand square …
Al Jazeera Steel invests 250 million dirhams in Kezad Read More »
The Ministry of Commerce said that the total licenses for exporting steel and cement since the start of permitting exports amounted to 334, including 201 for steel export and 133 for cement. According to Al-Eqtisadiah newspaper, the ministry stated that from the beginning of 2023 until the end of the first half, 41 licenses were …
According to daily iron prices follow-up in Egypt, rebar prices ranged between EGP 31,300–38,000, EXW. Rebar prices varied compared to last week. The companies that did not change prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, Egyptian Steel EGP 32,050, and Garhy Steel EGP 37,000. The companies that raised …
Latest rebar prices update in Egypt is July 25, 2023 Read More »
In the presence of His Highness Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Council of the Emirate of Abu Dhabi, and the Prime Minister of Japan, Fumio Kishida, the Abu Dhabi Ports Group and the Emirates Arkan Steel Group have concluded a cooperation agreement with the two Japanese companies, Itoshu Corporation and …
Rebar prices ranged between EGP 31,000 – 38,000 EXW; some companies have not changed their prices while some lowered compared to last week, according to daily steel prices follow-up in Egypt. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshai Steel EGP 38,000, Egyptian Steel EGP …
Latest rebar prices update in Egypt is July 17, 2023 Read More »
”Al Jazeera Steel” company profits, which works in the manufacture of iron pipes, declined to 2.03 million Omani riyals (16 baisas / share) at the end of the first half of 2023, compared to profits of 2.82 million riyals achieved in the same period in 2022. Income List Period First Half 2022 First Half 2023 …
The Emirates Steel Arkan Group signed a memorandum of understanding with Al Jazeera Steel Products Company (AJSP), which specializes in manufacturing iron products in the Sultanate of Oman, to establish a strategic cooperation system that allows them to benefit more from their common experiences and seize new opportunities in the sector. The signing of the …
The Minister of Agriculture and Rural Development, Mohamed Abdelhafidh Henni, made an inspection visit on July 08, 2023, in El Attaf municipality, Ain Defla, within the framework of a project to study and implement metal silos and their accessories for grain storage with a capacity of 20,000 tonnes. This was in the presence of the …
According to daily steel prices follow-up in Egypt, rebar prices ranged between EGP 31,000 – 38,000 upon EXW. Some companies fixed their prices while some reduced them compared to last week. Companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, Egyptian Steel EGP 32,050, …
The latest rebar prices update in Egypt is July 11, 2023 Read More »
Jordan Steel Company announced the rebar prices for July for the 60-gauge steel EXW, between 430-450 dinars per tonne without sales tax and between 500-520 dinars per tonne with tax. Grade Price without tax Price with tax Sales / tonnes Sales / tonnes Min Max Min Max 60 430 450 500 520
The Egyptian Ministry of Trade and Industry issued Decision N° 189 bis for 2023 regarding the dumping duties extension on steel imports from abroad for four years, provided it applies on 1st June 2023. The decision, published in the Official Gazette No. 122, continued on June 1, 2023, said in its first article that the …
Currency difference losses for the Egyptian Company “Ezz Steel” were exacerbated in the first quarter of this year, which incurred net losses of EGP 2.5 billion, despite a 50% increase in sales. The Company’s business results, issued today, revealed that the currency differences losses in the first quarter amounted to EGP 8.9 billion, which put …
The Minister of Industry and Mineral Resources of Saudi Arabia, Professor Bandar bin Ibrahim AlKhorayef, met in his office today with a delegation from China, headed by a member of the Standing Committee of the “Hebei” Provincial Committee and Secretary of the Tangshan Municipal Committee of the Communist Party of China Wu Weidong. The meeting …
Eng. Hussein Ali Yaqoub, Assistant Undersecretary for Land Transport Affairs at the Ministry of Transportation and Telecommunications, held a meeting with the Gulf Railways Authority delegation headed by Engineer Nasser bin Hamad Al-Qahtani and Abdullah bin Abdulaziz Al-Samaani, in the presence of the Ministry’s work team. The meeting is to discuss developments in the railway …
Iron and Steel Company for Mines and Quarries (ISMQ) announced that it had achieved EGP 33,848,733 in sales in May, explained in the Egyptian Stock Exchange statement. Bahariya Oasis mines sales amounted to EGP 33,786,769 and Bani Khaled-Samalot quarries sales value reached about EGP 61.96 thousand. Sales and production reports for February 2023 revealed that …
Egypt: Iron and Steel Company for mines’ sales amounted to EGP 33.7 million in May 2023 Read More »
According to daily iron prices follow-up in Egypt, the rebar prices ranged between EGP 32,050– 38,000, EXW. All steel companies fixed their prices compared to last week. As the following steel companies announced their prices without changing their prices. Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, El Marakby Steel EGP …
The last update of rebar prices in Egypt is on July 04, 2023 Read More »
Industries Qatar Company, “Industries Qatar” or “the Group”, one of the largest industrial companies in the region, with activities in the production of a wide range of petrochemicals, chemical fertilizers and iron and steel products, announced that the Company’s board of directors has approved in principle the proposed acquisition offer of the entire shares of …