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Africa

Morocco ends safeguard measures on rebar and wire rod imports

Morocco has decided to terminate safeguard measures on the imports of rebar and wire rods starting October 16, 2023. The cessation follows the completion of the safeguard measure’s full 10-year period, encompassing provisional measures, the initial application, and subsequent extensions. Morocco had implemented these safeguard measures, imposing a tariff of MAD 550 (USD 54) per …

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The latest update on rebar prices in Egypt is December 04, 2023

According to the daily monitoring of steel prices in Egypt, the prices of rebar ranged between EGP 39,900 EGP  35,750 EXW. This week witnessed stability in the prices of all companies, Ezz Steel EGP 36,000, Suez Steel EGP 36,000, Beshay Steel EGP 39,900, Egyptian Steel EGP 38,000 El Marakby Steel EGP 38,000, Ashry Steel EGP …

The latest update on rebar prices in Egypt is December 04, 2023 Read More »

The latest update on rebar prices in Egypt is November 27, 2023

According to the daily monitoring of steel prices in Egypt, the prices of rebar ranged between EGP 39,900 EGP  35,750 EXW. This week witnessed stability in the prices of all companies, Ezz Steel EGP 36,000, Suez Steel EGP 36,000, Egyptian Steel EGP 38,000 El Marakby Steel EGP 38,000, Ashry Steel EGP 38,000, and Garhy Steel …

The latest update on rebar prices in Egypt is November 27, 2023 Read More »

Egypt’s climate envoy: International financing can help decarbonize heavy industries

Climate pioneer Mahmoud Mohieldin said that the financing plan, which relies on funding from Western donors to help developing countries switch to cleaner energy generation, can be replicated in heavy industries and other sectors where it is difficult to mitigate emissions. Mohieldin, who serves as climate lead for the Egyptian presidency of the UN Climate …

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Algeria: Tosyali flat steel production line will enter into operation in H2 2024

Tosyali Algeria intends to launch a line for the production of flat steel in the second half of 2024, according to a statement by the Ministry of Industry and Pharmaceutical Production in Algeria. The announcement was made during a meeting granted by the Minister for the sector, Ali Aoun, to the CEO of the Tosyali …

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Egypt’s iron and steel exports increased to $1.7 billion in 9 months

Exports of Egyptian building materials, refractories, metal industries, and construction increased for the period from January to September 2023 to achieve a value of 6 billion and 279 million dollars compared to the same period in 2022 when they recorded a value of 5 billion and 228 million dollars, an increase of 20%. Egypt’s iron …

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Arab Iron and Steel Union participates in the 58th regular meeting of the Arab specialized federations

The 58th regular meeting of the specialized Arab federations operating within the framework of the Council of Arab Economic Unity of the League of Arab States was held today in the city of Cairo – Arab Republic of Egypt, with the participation of the Arab Iron and Steel Union. In their speeches, the attendees affirmed …

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Report : Production, sales, and prices of rebar in Egypt in January to September 2023

According to data collected from the Arab Iron and Steel Union, Egypt’s production of rebar during the period from January to September of this year amounted to 5.753 million tons, a decline of 10.2% compared to the same period last year, which amounted to 6.405 million tons. The first half of this year witnessed a …

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Egypt: Ezz Steel announces new prices for flat steel

Ezz Steel Group announced new prices for flat steel after prices remained unchanged for about 9 months and prices rose from 34,485 EGP to 37,000 EGP per tonne, factory delivery, including value-added tax. Statement including VAT Flat Steel 37,000

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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Appointment of Boulaioune Karim as President General Manager of ٍSider El Hadgar Complex

Today, November 9, 2023, the inauguration ceremony of Mr. Boulaioune Karim as President General Manager of Sider El Hadgar Complex was held by Mr. Baburi Djamal, President and General Manager of Imetal Group, and Mr. Sedrati Lamin, President and General Manager of Sider Group, in the presence of some of the General Managers of Imetal …

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The latest update on rebar prices in Egypt is November 08, 2023

According to iron prices daily monitoring in Egypt, rebar prices ranged between EGP 34,000 – and EGP 31,500 EXW. The companies that did not change prices are Ezz Steel EGP 32,135. Suez Steel, EGP 32,050, El-Marakby Steel, EGP 32,000 and El-Garhy Steel, EGP 31,500. The companies that raised prices are Beshay Steel, EGP 39,900, Egyptian …

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Egypt: The business sector is discussing with the Chinese “Shengli” cooperation in developing Delta steel

Mahmoud Esmat, Minister of the Public Business Sector, discussed with Cheng Chuite, Chairman of the Board of Directors of the Chinese Shengli Group of Companies, and the delegation accompanying him, aspects of cooperation and ways of partnership to continue the Delta Steel Company development project, increase operation, reach production to maximum capacity, and add new …

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Arab Steel Summit calls for the creation of an alternative Arab regional market in light of the global environmental restrictions

The 16th Arab Steel Summit was held last Sunday in the Arab Republic of Egypt, which was organized by the Arab Iron and Steel Union in cooperation with Ezz Steel, under the patronage of His Excellency the Minister of Trade and Industry, Eng. Ahmed Samir. It is the largest and most important event for steel …

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16th Arab Steel Summit: A visit to Ezz Steel Company in Ain Sokhna

On the third day of the 16th Arab Steel Summit activities, Ezz Steel Company organized a visit to Ezz Steel Company in Ain Al-Hajah, where they listened to a comprehensive explanation of the production process from the stage of reducing iron ore in direct reduction factories and converting it into high-purity iron, as well as …

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