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Arab countries

Arab Iron and Steel Union organizes a symposium on maintenance systems in Metalco

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Arab Iron and Steel Union organized a symposium on maintenance systems at the Egyptian Company for Metal Constructions (METALCO), one of the companies of the Metal Holding Company, a member of the Board of Directors of the Union. A group of engineers of the company’s factories participated in this symposium. The symposium dealt with: – …

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Libyan Iron and Steel Company signs an agreement with the Turkish company “Aromet”

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Libyan Iron and Steel Company announced Thursday that it had signed a business agreement with the Turkish company, “Aromet”, according to which the development work for the oxygen and compressed air plant would be completed, as part of the company’s plans to improve and increase production. The company said in a post on its official …

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Ezz Dekheila Steel’s loss widens 3.48 billion pounds in 9 months

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The consolidated net losses of Ezz Dekheila Steel – Alexandria increased by 54.49% year-on-year (YoY) to EGP 3.48 billion in the first nine months of 2020, compared to EGP 2.25 billion, including minority shareholders’ rights. Th steel manufacturer’s sales dropped to EGP 22.98 billion in the January-September period from EGP 29.75 billion in the prior-year …

Ezz Dekheila Steel’s loss widens 3.48 billion pounds in 9 months Read More »

Egyptian Iron and Steel reveals the details of the new company for mines and quarries

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Egyptian Iron and Steel Company revealed the details of establishing the company from which it was split after the extraordinary general assembly agreed to divide the company and separate the mining activity in an independent company. The company said, in a report to the board of directors sent to the stock exchange today, Monday, that …

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Steel companies in Egypt announce a price increase of 500 pounds for the second time in a week

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Ahmed El-Ziny, head of the Building Materials Division at the General Federation of Chambers of Commerce in Egypt, said that the steel companies announced another increase in their prices at a value of 500 pounds per ton, starting today November 27, and this increase is the second in one week, so that the total increase …

Steel companies in Egypt announce a price increase of 500 pounds for the second time in a week Read More »

World’s production of crude steel rose 7.0% in October, Saudi Arabia is the largest of the Arab countries

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 161.9 million tonnes (Mt) in October 2020, a 7.0% increase compared to October 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production …

World’s production of crude steel rose 7.0% in October, Saudi Arabia is the largest of the Arab countries Read More »

Egyptian iron and steel losses declined 25% in the first quarter

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The unaudited financial results of the Egyptian Iron and Steel showed net losses of EGP 274.48million during the first quarter (Q1) of fiscal year 2020/2021, down by 25.4% year-on-year (YoY) from EGP 367.8 million. The steel manufacturer’s sales fell to EGP 237.72 million in the July-September period from EGP 280.31 million in the prior-year period, according to a bourse disclosure on Tuesday. The …

Egyptian iron and steel losses declined 25% in the first quarter Read More »

Libyan Iron and Steel Company signs a contract with Petro Gas for Oil Services

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Libyan Iron and Steel Company announced the signing of a contract for the maintenance of the gas turbine unit with the Petro Gas Company for Oil Services. Whereas, the gas turbine was constructed for the purpose of generating electricity during an emergency; This is to feed the power plant and the central station for the …

Libyan Iron and Steel Company signs a contract with Petro Gas for Oil Services Read More »

G20 determined to use all tools to contain pandemic

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G20 nations are determined to continue doing everything possible to contain the COVID-19 pandemic, warning in a draft communique that the global economic recovery remains “uneven, highly uncertain, and subject to elevated downside risks”. Bringing the pandemic under control is the key to supporting a global economic recovery, the G20 leaders said in the draft, …

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“Tosyali Algeria ” complex, great efforts to protect the environment

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Logistical programs and systems to reduce the proportion of solid dust in the air Filter pipes, water pumps, bulldozers, green spaces and high fences to prevent the spread of dust Tosyali iron and steel complex in Bethioua is making great efforts to protect the environment and workers and protect the residents of the Shahriya area, …

“Tosyali Algeria ” complex, great efforts to protect the environment Read More »

“Mineral Holding” announces the formation of the Board of Directors of El Nasr Pipes

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Eng. Mohamed Al-Saadawi, Chairman of the Board of Directors of the Holding Company for Metal Industries, and Chairman of the General Assembly of Subsidiaries, one of the Ministry of Public Business Sector companies, approved the results of the work of three companies belonging to the fiscal year 2019/2020. The extraordinary and ordinary general assemblies were …

“Mineral Holding” announces the formation of the Board of Directors of El Nasr Pipes Read More »

Saudi economy contracts 4.2% in third quarter, improves from second quarter

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Saudi Arabia’s economy shrank 4.2% in the third quarter from a year earlier, government data showed on Tuesday, a smaller contraction than the second quarter when the economy was reeling from coronavirus-linked lockdowns. The economy expanded by 1.2% on a seasonally-adjusted quarter-on-quarter basis in the third quarter from a contraction of 4.9% in the previous …

Saudi economy contracts 4.2% in third quarter, improves from second quarter Read More »

El Feki is a Managing Director of Delta Steel Company and Rajaei is a Non-Executive Chairman

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The General Assembly of Delta Steel Company headed by Eng. Mohamed El Saadawy, Chairman of the Mineral Holdings, approved the results of the fiscal year 2019-2020, and decided to amend the Articles of Association and the Articles of Association in accordance with the amendments to Law No. 203 of 1991 in Law No. 185 of …

El Feki is a Managing Director of Delta Steel Company and Rajaei is a Non-Executive Chairman Read More »

Saudi Steel Pipe Co. records a profit of 9.58 million riyals in the third quarter

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The financial results of the Saudi Steel Pipes Company “Saudi Pipes” revealed today, Thursday, its shift to profit in the third quarter after the company recorded a net profit of 9.58 million riyals, compared to a net loss of 14.12 for the third quarter of last year. The company explained that its shift to profit …

Saudi Steel Pipe Co. records a profit of 9.58 million riyals in the third quarter Read More »

The general assembly of the Egyptian Iron and Steel Company decides the continuation of the company

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The Ordinary and Extraordinary General Assembly of the Egyptian Iron and Steel Company approved the financial statements for the last fiscal year, and the continuity of the company. The company stated in a statement issued today, Tuesday, that the ordinary general assembly approved the report of the board of directors and the financial statements for …

The general assembly of the Egyptian Iron and Steel Company decides the continuation of the company Read More »

Allowing El Hadjar complex to import iron ore to solve the supply problem

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El Hadjar complex (Annaba Province) – Algeria – will be allowed to import iron ore in case local production is insufficient, with the aim of solving the problem of supplying raw materials, according to Minister of Industry Farhat Ait Ali Braham in a press interview published on Sunday. Mr. Ait Ali Braham said in an …

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Reopening the liquefied gas station of the Libyan Iron and Steel Company

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After a hiatus of more than sixteen years, it was announced on the company’s official page that the liquefied gas station would reopen to meet the needs of the company’s factories of gas used in cutting and welding operations. This station is considered one of the most important pillars of the company since its inauguration, …

Reopening the liquefied gas station of the Libyan Iron and Steel Company Read More »

world’s production of crude steel rose 2.9% in September

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.4 million tonnes (Mt) in September 2020, a 2.9% increase compared to September 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production …

world’s production of crude steel rose 2.9% in September Read More »

Emirates Steel wins Safety Culture and Leadership Award 2020 from World Steel Association

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Emirates Steel, a leading integrated steel plant in the UAE, has won the Safety Culture and Leadership Award 2020 by the World Steel Association (worldsteel) in recognition of its organisation-wide best-in-class health and safety protocols. Acknowledging industry excellence in safety and health since 2008, the award aims to highlight steel companies with superiority in occupational …

Emirates Steel wins Safety Culture and Leadership Award 2020 from World Steel Association Read More »

CEO of Emirates Steel, the iron and steel industry needs support

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صناعة الحديد شهدت انخفاضاً في الاستهلاك نتيجة للتباطؤ الاقتصادي العالمي وبخاصة في ظل التحديات التي فرضها فيروس «كورونا المستجد» على الوضع الاقتصادي ككل، ولكن الصناعة الوطنية قادرة على تخطي هذه المرحلة الحرجة التي أوجدت تحديات كبيرة على جميع المستويات. المهندس سعيد غمران الرميثي، الرئيس التنفيذي لشركة «حديد الإمارات»، يكشف في حواره نجاحات الشركة خلال الفترة …

CEO of Emirates Steel, the iron and steel industry needs support Read More »

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