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Arab Steel Summit

Egyptian iron and steel

Egypt: Iron and steel mine profits rise to more than EGP 113 million within 9 months

The financial indicators of the Iron and Steel Company for Mines and Quarries showed the first 9 months of the current fiscal year. The company’s profits increased by 16%, on an annual basis. The company explained in a statement to the Egyptian Stock Exchange. It recorded profits after taxes amounting to EGP 113.255 million in …

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The General Iron and Steel Mines approves the estimated budget and reduces the targeted surplus

The Ordinary General Assembly of the Iron and Steel Company for Mines and Quarries approved the company’s estimated budget for the next fiscal year 2024-2025. According to a company disclosure, the general assembly decided to amend the company’s estimated budget to target a surplus of 300 million pounds, provided that the quantity and value of …

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Egypt: Iron and Steel for Mines and Quarries sells worth 34.24 million pounds in March

The Iron and Steel for Mines and Quarries announced that it achieved total sales in the month of last March amounting to 34.242 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines during the month of March amounted to 34.232 million pounds. The company …

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Egypt: 19.1 million pounds in iron and steel sales to mines during February 2024

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of February of 19.086 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines during December amounted to 19.08 million pounds. She added that the sales value …

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Egypt: Iron and Steel Mines targets 447.9 million pounds in profits during 2024-2025

The Board of Directors of the Iron and Steel Company for Mines and Quarries approved the estimated budget for the next fiscal year 2024-2025. The company said in a statement to the Egyptian Stock Exchange. It aims to achieve a net profit after taxes of about 447.9 million pounds during the next fiscal year. It …

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39.3 million pounds in iron and steel sales to mines and quarries in December

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last December amounting to 39.3 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines in December amounted to 39.28 million pounds. The Company added that the sales value …

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Egypt: 28.3 million pounds in iron and steel sales to mines in October

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last October amounting to 28.29 million pounds. The company explained, in a statement to the Egyptian Stock Exchange, that sales of Bahariya Oasis mines in September amounted to 28.23 million pounds. She added that the sales value of the …

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Egypt: 15.7 million pounds in iron and steel sales to mines in September

The company explained in a statement to the Egyptian Stock Exchange that sales of Bahariya Oasis mines during September amounted to 15.69 million pounds. She added that the sales value of the Bani Khaled-Samalut quarries recorded about 32.43 thousand pounds. It is noteworthy that iron and steel for mines and quarries achieved 127.81 million pounds …

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Egyptian Iron and Steel Company: One billion pounds liquidation surplus during the first six months of this year

The Egyptian Iron and Steel Company “under liquidation” announced that the liquidation surplus during the first half of this year amounted to EGP 1.148 billion. The Egyptian Iron and Steel Company said that the total liquidation revenues from January until the end of June 2023 amounted to about EGP 1.503 billion. The Egyptian Iron and …

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Egypt: EGP 28.6 million in sales of the Iron and Steel Company to mines in June 2023

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 …

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Egypt: Iron and Steel Company for mines’ sales amounted to EGP 33.7 million in May 2023

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 …

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Egypt: 30.1 million pounds of iron and steel sales to mines in April

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in April, amounting to 30.11 million pounds. The company stated, in a statement to the Egyptian Stock Exchange, today, that the sales of Bahariya Oasis mines in March amounted to 30.07 million pounds. The company added that the sales value …

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Egypt: 33.1 million EGP of iron and steel sales to mines during March

Iron and Steel Company for Mines and Quarries announced that it achieved total sales during March, amounting to 33.14 million EGP. In a statement to the Egyptian Stock Exchange today, the Company stated that Bahariya Oasis mines sales in March amounted to 33.1 million EGP. The Company added that Bani Khaled-Samalot quarries’ sales value amounted …

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Egypt: Iron and steel mines target 145 million EGP in profits during 2023/2024

The Ordinary General Assembly of the 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, announced the approval of its estimated budget for the next fiscal year 2023-2024. The Iron and Steel Company for Mines and Quarries …

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Egypt: 16.34 million pounds of iron and steel sales to mines during January 2023

Iron and Steel Company for Mines and Quarries announced that it achieved total sales during January, which amounted to EGP 16.34M. The Company stated, to the Egyptian Stock Exchange, that the sales of Bahariya Oasis mines amounted to EGP 16.29M in January. It added that the sales value of Bani Khalid – Samalout Quarries amounted to …

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Egypt: 36.5 million pounds of iron and steel sales to mines in Novembe

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during November, amounting to 36.51 million pounds. In a statement to the Egyptian Stock Exchange, the company stated that sales of Bahriya Oasis mines amounted to EGP 36.47 million during November. It added that the value of sales of Bani …

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Egypt: Iron and Steel Mines achieve 17 million pounds in profits during August

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during August with a value of 17.34 million pounds. The company said in a statement to the Egyptian Stock Exchange on October 3 that the sales of the Bahariya mines amounted to about 17.19 million pounds during August. It added …

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Egypt: EGY 40.5 million , Iron and Steel Company for Mines profits in 2021-2022

The Board of Directors of the Iron and Steel Company for Mines and Quarries announced that the company achieved EGY 40.54 million in profits after taxes during the fiscal year ending in June 2022. The company stated in a statement to the Egyptian Stock Exchange today, that the company achieved EGY 121.21 million in sales …

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Egypt: Iron and Steel Mines earn 5.5 million pounds in 6 months

The Board of Directors of the 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, approved the approval of the amended financial statements with a net profit after deducting income tax in the amount of 5.54 million …

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Egyptian Iron and Steel Company pays 745 million pounds as part of the gas debt settlement

The Egyptian Iron and Steel Company has paid 745 million pounds, as part of the settlement of the natural gas debt owed by the company. The company has also taken some steps to improve its financial position, including rationalizing energy consumption. The company announced, in its response to the Central Auditing Organization, regarding the examination …

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Hadisolb’s loss narrows to EGP 437m in H1-20/21 initial results

The financial indicators of the Egyptian Iron and Steel (Hadisolb) showed net losses of EGP 437.05 million in the first half (H1) of fiscal year 2020/2021, down by 8.6% year-on-year (YoY) from EGP 478.18 million. The steel manufacturer’s revenues fell to EGP 555.28 million in the July-December period of 2020, compared to EGP 583.25 million …

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Liquidation of the Egyptian Iron and Steel Company … and the separation of mines in an independent company

The extraordinary general assembly of the Egyptian Iron and Steel Company, one of the companies and the Ministry of Public Business Sector decided today, Monday, to liquidate the Iron and Steel Company after 67 years of its activity. The association clarified today, Monday, that the reason for the liquidation of the Egyptian Iron and Steel …

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Egyptian Iron and Steel approves land valuation at EGP 1.23bn to settle debt

Egyptian Iron and Steel (Hadisolb) approved valuation reports of its land plots as part of a debt settlement process. These lands have been valued based on debt settlement protocols between Egyptian Iron and Steel, Metallurgical Industries Holding Co, Banque Misr, and Petrotrade, the steel manufacturer said in a bourse disclosure on Sunday. The company’s land …

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