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Arab Steel Summit

February 28, 2022

Tosyali Algerie Sets DRI Production Record in 2021, Contracts 2nd DRI Plant

Tosyali Algerie A.Ş. established a new world record in 2021 for annual direct reduced iron (DRI) production by a single module plant, producing more than 2.28 million tons. The former record was set in 2020 by Tosyali in only its second year of operation. “Our fundamental priority is operational sustainability and full compliance with environmental, …

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Iron and Steel Mines targets 91.8 million pounds in profits in the 2022-2023 budget

The Board of Directors of the Iron and Steel Company for Mines and Quarries has approved the planning budget for the next fiscal year 2022-2023. The company stated in a statement to the Egyptian Stock Exchange, today, Monday, that it aims to achieve a net profit of 91.82 million pounds during the next fiscal year. …

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Egypt: Arco Steel applies for a license to produce 1.1 million tons of billet

The Arab Special Steel Company “ARCO Steel” applied to the Industrial Development Authority to obtain a license to produce billet with a production capacity of 1.1 million tonnes, at a value of EGP345 million. Government sources said that the company submitted a request to the Industrial Development Authority on February 15 to obtain a license …

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