Al Gioshy Steel Group has concluded several new export deals to the Libyan and Sudanese markets, totaling more than 50,000 tons of rebar, as part of the implementation of reconstruction plans for both countries. Engineer Islam Al Gioshy, CEO of the group, stated that Al Gioshy Steel factories currently allocate approximately 20% of their production …
Vale Oman signed a preliminary agreement with OQ Alternative Energy (OQAE) during Oman Sustainability Week, marking a major step in its strategy to decarbonize operations and transition to renewable energy in Oman. The agreement establishes a framework for powering Vale’s iron ore pelletizing plant in Sohar Port with renewable energy, supporting the future energy needs …
Oman : Vale Plans to Switch to Renewable Energy for Iron Ore Pelletization in Sohar Read More »
National Iron and Steel Company (Watani Steel) recorded a 41.53% decline in net profits in the first quarter of 2025, compared to the same quarter of 2024. The company’s results revealed a decline in net profits to SAR 2.87 million in the first quarter of this year, compared to profits of SAR 4.91 million for …
Watani Steel’s profits decline by 41.53% in Q1 of 2025 Read More »
The Arab Iron and Steel Union held its 130th Board of Directors meeting and 58th General Assembly on May 11 in Nouakchott, the Islamic Republic of Mauritania, with the participation of representatives from 45 iron and steel companies across the Arab world. The meeting was hosted by the National Industrial and Mining Company (SNIM), a …
Eng. Ahmed Ezz Elected as Chairman of Arab Iron and Steel Union (2025–2029 Term) Read More »
Rebar prices in Egypt this week ranged between EGP 33,700 – 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 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,000, El Komy Steel EGP …
Ayman El Ashry, Chairman of the Cairo Chamber of Commerce and Chairman of Ashry Steel Group, stated that during the Labor Day celebrations in the valiant land of Suez, attended by His Excellency President Abdel Fattah El Sisi, the new lines of the Arab Special Steel Factory (Arcosteel), affiliated with Ashry Steel Group, the only …
Despite the decline in rebar prices in the first quarter of 2025, the Egyptian market witnessed a double-digit decline in both production and sales, reflecting challenges facing domestic demand. According to official data issued by the Ministry of Supply and Internal Trade, Egypt’s rebar production in March 2025 decreased by 18% compared to February of …
Rebar production and sales decline in Egypt despite lower prices in Q1 of 2025 Read More »
In a strategic move toward enhancing industrial independence and reducing dependence on imports, Suez Steel, one of the largest iron and steel companies in Egypt and the region, announced the commencement of operations of two new factories, representing a qualitative leap in the production and technological capabilities of the heavy industries sector. The first factory …
Rebar prices in Egypt this week ranged between EGP 33,700 – 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 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 34,500, El Komy Steel EGP …
Emsteel Group, the UAE’s largest steel and building materials manufacturer, has achieved a significant milestone in its efforts to reduce industrial carbon emissions across the region. It successfully launched the first pilot project to produce sustainable steel using green hydrogen in the Middle East and North Africa (MENA) region in a strategic partnership with Masdar. …
UAE: Emsteel Leads Regional Sustainable Steel Production Efforts Read More »
The Iron and Steel Mines and Quarries Company announced total sales exceeding EGP 131 million during the month of March. The company stated in a statement to the Egyptian Exchange that sales from the Bahariya Oasis mines during March amounted to EGP 130.98 million. It added that sales from the Beni Khaled-Samalut quarries amounted to …
Egypt: Iron and Steel Mines Company Sales Reach EGP 131 Million in March Read More »
Ezz Steel Company announced stability in prices starting from May 1, 2025 for the eighth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.70 EGP
EMSTEEL, announces that Saeed Al Ghafri, CEO of the Group’s steel business (Emirates Steel), is to step down after 19 years with the business. He will remain in post until the end of June to ensure a smooth transition. EMSTEEL will announce a successor in due course. During the interim period, Emirates Steel’s Chief Operating …
EMSTEEL announces planned leadership transition in steel business Read More »
The Saudi Iron and Steel Company (Hadeed) has released its new long steel prices for May deliveries. The company reduced rebar prices by SAR 70 ($19) per ton, bringing the new price to SAR 2,280 ($607) per ton. In contrast, wire rod prices (6.5-16 mm) were increased by SAR 30 ($8) per ton, now set …
Saudi Iron and Steel Company (Hadeed) unveils revised long steel prices for May 2025 Read More »
The Egyptian government has initiated a safeguard investigation into hot-rolled flat steel products. This measure has been long discussed in the market, with some flat steel manufacturers in the local market having long demanded it. On April 22, 2025, the Minister of Investment and Foreign Trade approved the initiation of a safeguard investigation into the …
Egypt decides to launch safeguard investigation on Increased HRC imports Read More »
Mr. Ayman El-Ashry, Chairman of the Cairo Chamber of Commerce and Member of the Federation of Egyptian Industries, stated that the activities of the second day of the Saudi-Egyptian Business Forum, held in the Saudi capital, Riyadh, witnessed tangible positive results that confirm the depth of economic relations between Egypt and Saudi Arabia. El-Ashry explained …
The General Authority of the Suez Canal Economic Zone announced the laying of the foundation stone for the integrated industrial complex of the Chinese company Xinfeng Egypt Steel in the Sokhna Integrated Zone of the Suez Canal Economic Zone. The economic zone stated in a statement that the project includes nine diverse factories in its …
Foundation stone laid for Xinfeng Egypt Steel Complex in Sokhna Read More »
Rebar prices in Egypt this week ranged between EGP 33,700 – 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 37,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 35,000, El Komy Steel EGP …
According to the latest World Steel report on crude steel production, Arab countries’ crude steel production reached 3.4 million tons in March, unchanged from March 2024. Egypt topped Arab steel production in March, with 828.3 thousand tons, a decrease of -4.8%. Saudi Arabia came in second rank with 719.3 thousand tons, a decrease of -17.8%. …
Arab countries’ crude steel production increased by 1.0% in Q1 of 2025. Read More »
Morocco has launched a high-speed rail extension project with investments of approximately 96 billion dirhams ($10 billion), part of the country’s massive infrastructure development projects in preparation for the 2030 World Cup. Under the project, “a new railway line will be constructed between the cities of Kenitra and Marrakech, covering a distance of approximately 430 …
Morocco Launches $10 Billion Railway Development Project Read More »
The President of the Republic of Algeria, Mr. Abdelmadjid Tebboune, oversaw the laying of the foundation stone for the “Iron Concentrate and Pellets” production complex project located in the “Toumiat” region of Bechar, as part of the Gara Djebilet iron ore mine exploitation project. The President had previously embarked on a working and inspection visit …
Rebar prices in Egypt this week ranged between EGP 34,500 – 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 37,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 35,500, El Komy Steel EGP …
Abu Dhabi-based Al Gharbia Pipe Company has announced a major industrial milestone, achieving a total production exceeding 500,000 tons of steel pipes since commencing operations in 2019 at its facility located in the Khalifa Industrial Zone Abu Dhabi (KIZAD). This achievement reflects Al Gharbia’s reliance on advanced technologies, including artificial intelligence, and underscores its commitment …
Al Gharbia Pipe Company Produces 500,000 Tons Since Commencing Operations in Abu Dhabi Read More »
Qatar Steel hosted the 10th meeting of the Economic Committee of the Arab Iron and Steel Union in Doha, Qatar, from April 14 to 15. The meeting brought together representatives from several Arab countries, including: Egypt, Saudi Arabia, Bahrain, Algeria, Kuwait, Qatar, Tunisia, of Libya, and Morocco. During the sessions, participants discussed the current economic …
Rebar prices in Egypt this week ranged between EGP 35,000 – 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 35,500, El Komy Steel EGP …
Jazeera Steel, a steel pipe manufacturer, reported profits of OMR 2.10 million (17 baisas per share) by the end of the first quarter of 2025, compared to profits of OMR 1.82 million achieved in the same period in 2024, as shown in the following table: Income Statement Period Q1 2024 Q2 2025 Change Revenue (OMR …
Jazeera Steel’s profits reach OMR 2.1 million (up 15%) by the end of Q1 of 2025 Read More »
The European Union announced a 2.5% reduction in the provisional anti-dumping duty imposed on its imports of Egyptian hot-rolled steel, bringing it to 12.8% from 15.3%, effective April 7, for a period of six months until a final decision is made. The Chamber of Metallurgical Industries indicated that this amendment is the result of the …
EU Reduces Anti-Dumping Duty on Egyptian Steel to 12.8% Read More »
Ezz Steel, listed on the Egyptian Exchange under the code ESRS, has sent a clarification regarding the provisional anti-dumping duty imposed by the European Union. The company’s statement, sent to Mubasher Info, stated that it is necessary to correct some interpretations and provide an accurate account of the company’s position and the grounds for its …
Ezz Steel Clarification Regarding EU Anti-Dumping Duty Read More »
Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, and Ursula von der Leyen, President of the European Commission, agreed during a phone call to launch negotiations on a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and the European Union. According to the Emirates News Agency, the President of the UAE …
UAE and EU Launch Economic Partnership Negotiations Read More »
The Libyan Iron and Steel Company announced an unprecedented achievement, achieving the highest export figure in its history during the first quarter of 2025, exporting 210,000 tons of hot briquetted iron (HBI) to several Arab and European countries via 16 ships from the company’s port. This qualitative achievement comes in partnership with FGE, which played …
Libyan Iron and Steel Company Achieves Unprecedented Exports of HBI in Q1 2025 Read More »