EMSTEEL has announced its recognition as a 2025 Steel Sustainability Champion by the World Steel Association (worldsteel), cementing the Group’s position as the sole receiver of the prestigious accolade in the Middle East and North African region for a second consecutive year. The recognition was presented during the worldsteel Special General Meeting held in Sydney, …
Rebar prices in Egypt this week ranged between EGP 31,800 – 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 33,000, El Komy Steel EGP …
US President Donald Trump announced tariffs on US trading partners on Wednesday in a speech at the White House on what he described as “Liberation Day,” which he said would bring $5 trillion to the US economy. The list included the names of Arab countries, according to their order on the White House list: …
Ezz Steel Company announced stability in prices starting from April 1, 2025 for the Seventh consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.70 EGP
Egypt’s imports of iron ores and concentrates increased by 1.9% in 2024, reaching $1.658 billion, compared to $1.627 billion in 2023. Foreign trade data issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed that iron ores and concentrates accounted for 1.7% of Egypt’s total imports last year, which amounted to $94.7 billion. …
Egypt’s iron ore imports to rise by about $1.7 billion in 2024 Read More »
EMSTEEL Group , one of the largest publicly traded steel and building materials manufacturers in the region, has announced a strategic partnership with Yellow Door Energy, the largest sustainable energy partner for businesses in the Middle East and Africa, to develop the largest industrial solar PV rooftop project in the UAE. The 31.5-megawatt-peak (MWp) solar …
According to the latest report issued by World Steel on crude steel production, Arab countries’ crude steel production in February reached 3.531 million tons, an increase of 5.4% compared to February 2024. Egypt topped Arab countries in steel production in February, with a production volume of 893.6 thousand tons, a 6.4% increase. Saudi Arabia followed …
Arab countries’ crude steel production increased by 5.4% in February 2025 Read More »
The Gulf Cooperation Council (GCC) has announced the imposition of anti-dumping duties on imports of aluminum alloy flat products from China. According to the GCC’s Bureau of Technical Secretariat for Anti-Injurious Practices in International Trade (GCC-TSAIP), the duties will range between 7.1pct and 20pct and will remain in effect for five years, starting April 25, …
GCC imposes AD tariffs on aluminum alloy flat steel imports from China Read More »
Saudi Iron and Steel Company (Hadeed) has announced that long steel prices will remain unchanged for April deliveries. The company is offering rebar (12-32 mm) at SAR 2,350 ($626) per ton, while wire rod (6.5-16 mm) is set at SAR 2,320 ($618) per ton. Above prices are on a CPT Riyadh basis, excluding 15pct VAT. …
Hadeed leaves long steel prices unchanged for April deliveries Read More »
Ayman Ashry, Chairman of the Cairo Chamber of Commerce, emphasized the importance of his meeting with Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, to discuss ways and mechanisms to advance the iron and steel industry in …
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for April production will remain unchanged for the third consecutive month. The company has set the rebar price at AED 2,660 (USD 724) per ton for deliveries to Abu Dhabi, while shipments to Dubai, Sharjah, and the Northern Emirates are offered at …
Emirates Steel holds rebar prices steady for April production Read More »
The Iron and Steel Mines and Quarries Company achieved sales of EGP 156.75 million in February. Sales from the Bahariya Oasis mines in January reached EGP 156.69 million, and sales from the Beni Khaled quarries in Samalut reached approximately EGP 57,970. The profits of the Iron and Steel Company for Mines and Quarries increased by …
Egypt: EGP 156.75 Million in Sales for Iron and Steel Mines and Quarries in February Read More »
Engineer Mohamed Saadawi, Chairman of the Metallurgical Industries company, revealed the goal of operating Delta Steel at full production capacity in the second quarter of this year. In a press conference organized by the Ministry of the Public Business Sector, he stated that the company’s first production line was facing some problems, which required the …
Rebar prices in Egypt this week ranged between EGP 31,800 – 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 32,500, El Komy Steel EGP …
Riyadh Steel Company, which operates in the steel industry and scrap metal sales, reported a 82% decrease in profits to SAR 2 million by the end of 2024, compared to SAR 11.1 million achieved during the same period in 2023. Summary of financial results (million) Item 2023 2024 Change Revenue 134.20 162.57 21.1 % Gross …
Riyadh Steel profits reach SAR 2 million (-82%) by the end of 2024 Read More »
Ezz Steel is preparing to file an objection to the methodology used by the European Commission to calculate provisional anti-dumping duties on its products, a company official revealed to Asharq Bloomberg. The official, who declined to be identified due to the sensitivity of the matter, confirmed that the objection will be filed “within days.” The …
Egypt: Ezz Steel to Object to EU Anti-Dumping Duty Calculation Methodology Read More »
Rebar prices in Egypt this week ranged between EGP 31,800 – 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 32,500, El Komy Steel EGP …
Dubai-based steel fabricator, Fabtech Engineering has signed a strategic agreement with French industrial leader Groupe M to drive innovation and sustainability in the UAE’s nuclear and renewable energy sectors. Fabtech, a key player in heavy manufacturing across the GCC and global markets, will expand its nuclear sector offerings by supplying ‘Made in UAE’ products to …
Fabtech partners with Groupe M to advance steel solutions for energy sector Read More »
A statement from the European Commission revealed that the European Union is considering imposing an initial anti-dumping duty of 15.6% on HRC imports from Egypt, starting April 7. It will continue its studies and reach a final decision in October. The European Union has the right to impose an additional 25% duty on quantities exceeding …
EU is considering imposing a 15.6% AD duty on HRC imports from Egypt Read More »
The value of Egypt’s iron and steel imports increased by 20.9% in 2024, reaching $5.179 billion, compared to $4.285 billion in 2023. Foreign trade data showed that iron and steel accounted for 5.5% of Egypt’s total imports last year, amounting to $94.698 billion. A data analysis showed that five countries—China, Russia, the United Kingdom, Belgium, …
Egypt’s iron and steel imports rise to $5.2 billion in 2024 Read More »
According to Egypt’s State Information Service, Prime Minister Moustafa Madbouli visited Kandil Steel Factory in 10th of Ramadan City. Chairperson Amr Kandil welcomed him to the facility. Executive VP Reham Abou El-Soud noted that exports account for 50pct of production. Following factory upgrades, the workforce grew to 1,400 employees, with investments reaching $25 mln. Modernized …
Egypt : Kandil Steel to expand production capacity to 900,000 tons annually Read More »
Morocco’s Ministry of Industry and Commerce has initiated an anti-dumping investigation into galvanized wire imports from Egypt and UAE. The probe follows a complaint by Moroccan companies Somatref, Sicotrem, Galvaftl, and Sodefer, which allege that these imports are being dumped into the market at unfair prices. The product investigated, classified under HS code 7217.2099.00, is …
Morocco : Ministry launches AD probe into galvanized wire imports from Egypt & UAE Read More »
Rebar prices in Egypt this week ranged between EGP 32,000 – 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 33,500, El Komy Steel EGP …
ODI, a subsidiary of Al Arjani Group, signed a memorandum of understanding with Al Wahda Industrial Development Company, a subsidiary of El Garhy Group. According to a statement today, ODI will acquire 26.25% of Misr National Steel (Ataka) after completing due diligence and obtaining approval from regulatory authorities and the Egyptian Competition Authority. Misr National …
It is expected that the demand in the Kingdom of Saudi Arabia will witness a decline in demand for rebar due to the slowdown in construction activities in general with the reduction of working hours. The average price level of rebar in Saudi Arabia decreased by 30-50 riyals per ton ($8-13 per ton) compared to …
Maghreb Steel, Morocco’s leading flat steel producer, reported a nearly 16% YoY increase in revenue for 2024, driven by strong domestic sales. The company’s revenue rose to MHD 5.42 bln (USD 546 mln), up from MHD 4.68 bln in 2023. In the fourth quarter alone, revenue grew 34% YoY to MHD 1.56 bln (USD 157 …
Moroccan Steel Company’s revenues grow by 16% in 2024 on strong domestic sales Read More »
Demand in the rebar sector in Jordan continues to decline due to local and global challenges and the traditional weakness in business activity during the month of Ramadan. Jordanian producers are offering rebar to local customers at JOD 466-473/tonne ($659-667/tonne) ex-factory with a 16% sales tax, down by $6-7/tonne compared to last week. Ex-tax prices …
Rebar prices in Jordan decline during March 2025 Read More »
Tosyali Algeria, located in Batioua in the state of Oran, announced the export of 30 thousand tons of steel plates to Italy, according to the company’s Director of Foreign Trade, Ezzi Ramzi. According to the statement of the company’s Director of Foreign Trade, Ezzi Ramzi, to the Algerian News Agency, “The shipping operation started last …
Tosyali Algeria exports 30 thousand tons of plates to Italy Read More »
Hassan El Marakby, CEO of Elmarakby Steel, one of Egypt’s leading steel product manufacturers and suppliers, has shared some of the company’s future plans. Accordingly, Mr. El Marakby stated that the company plans to increase its rebar exports to 140,000 mt this year, with its 2024 rebar exports amounting to 120,000 mt worth $80 million. …
Elmarakby Steel plans to invest in renewable energy and increase exports Read More »
Rebar prices in Egypt this week ranged between EGP 32,500 – 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 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 …