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Arab Steel Summit

Africa

Arab countries’ crude steel production rises by 1.7% in January-October 2024

News, steel Statistics / By user

According to the latest report issued by the World Steel Organization on crude steel production, Arab countries’ crude steel production amounted to 3.6 million tons in October 2024, an increase of 0.4% compared to October 2023. Egypt topped Arab countries in steel production in October with a production 950,000 tons and a decline of 7.3%. …

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Rebar prices in Egypt December 02, 2024

Rebar prices in Egypt this week ranged between EGP 34,500 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 36,800. Garhy Steel EGP 36,800, Misr Steel EGP 35,500, El Komy Steel EGP 35,000, …

Rebar prices in Egypt December 02, 2024 Read More »

Tosyali Algeria’s flat plate factory enters service with a production capacity of 2.5 million tons

Tosyali Algeria’s flat plate factory entered service late last October with a production capacity of 2.5 million tons per year. Alp Topkyoglu explained that Tosyali Algeria’s flat plate factory entered service late last October with a production capacity of 2.5 million tons per year. It includes a direct reduction, smelting and hot rolling unit, awaiting …

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Egypt: EGP 36.7 million in iron and steel sales for mines in October

The Iron and Steel Company for Mines and Quarries announced achieving total sales in last October worth EGP 36.67 million. The company explained, in a statement to the Egyptian Stock Exchange today, that the sales of the Bahariya Oasis mines in October amounted to EGP 36.26 million. It added that the value of sales of …

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Egypt’s steel exports decline, imports increase in Jan. – Sep. 2024

Egypt’s steel exports declined in January to September of this year to $1.46 billion, a decline of 18% compared to same period last year. Exports fell by about 11.5% in terms of quantities to 2.25 million tons. The value of steel imports in January – September of this year increased by 33% to $4 billion, …

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Egypt begins investigation into dumping of cold-rolled and coated steel products from Turkey and China

The Egyptian Ministry of Investment and Foreign Trade has announced the launch of an anti-dumping investigation into imports of cold-rolled and coated steel products originating from Turkey and China. The investigation was initiated at the request of local steel producers, including Al-Obour Metal Industries and Kama Metal Coating and Processing. The companies claim that products …

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Council of Arab Economic Unity holds its 60th meeting of specialized Arab unions in Cairo

The work of the 60th regular meeting of specialized Arab unions operating in Cairo began today with the participation of the Arab Iron and Steel Union, in the presence of the permanent delegates of the member states of the Council, and the heads and secretaries-general of the specialized Arab unions. Ambassador Mohammadi Ahmed Al-Ni, Secretary-General …

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IMF: 4.5% expected growth rate of the Egyptian economy in 2025

The International Monetary Fund expects the growth rates of the Egyptian economy to reach 4.5% for the years 2024 and 2025, driven by huge investments in infrastructure and the energy sector. In its latest report on the economic outlook for the Middle East and Central Asia region, the IMF explained that economic growth in Egypt …

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Rebar prices in Egypt November 1, 2024

Rebar prices in Egypt this week ranged between EGP 35,000 – EGP 40,700. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 40,700, El Marakby Steel EGP 37,500, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 37,200, Misr Steel EGP 35,500, El Komy Steel EGP …

Rebar prices in Egypt November 1, 2024 Read More »

Arab countries’ crude steel production increases by 1.9 % in January – September 2024

News, steel Statistics / By user

According to the latest report issued by the World Steel Organization on crude steel production, Arab countries’ crude steel production to 3.4 million tons in September 2024, an increase of 2.2% compared to September 2023. Egypt topped Arab countries in steel production in September with a production volume of 867 thousand tons and an increase …

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Ezz Steel announces signing of oil exploration agreements with the government

Ezz Steel said that it has signed, along with a number of Egyptian industrial groups, a framework agreement of intent for consultation and cooperation with the Egyptian government. The company explained in a statement in response to the stock exchange’s inquiries about what was published under the title “Signing oil exploration agreements with Ezz Steel,” …

Ezz Steel announces signing of oil exploration agreements with the government Read More »

Egyptian steel industry witnessed an improvement in Jan – Sep. 2024

News, Public Reports / By user

The Egyptian steel industry witnessed an improvement in the rate of crude steel production by 6% in the first nine months of this year to 7.9 million tons, accompanied by a significant increase in the production of rebar by 11% compared to the same period last year to 6.4 million. The increase in sales was …

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Egypt: EGP 32 million in iron and steel sales for mines in September

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in September amounting to EGP 31.89 million. The company explained, in a statement to the Egyptian Stock Exchange, that the sales of the Bahariya Oasis mines in September amounted to EGP 31.76 million. It added that the value of sales …

Egypt: EGP 32 million in iron and steel sales for mines in September Read More »

Egyptian steel factories deny deliberately dumping the Moroccan market with CR steel

Iron and steel source attributed the growth of cold steel sheet exports to Morocco because of their low prices compared to competing countries in the Moroccan market, including China. The imports of CR steel from Egypt to Morocco increased by 343% in 2022-2023, while about 6 thousand tons were recorded in the first 5 months …

Egyptian steel factories deny deliberately dumping the Moroccan market with CR steel Read More »

Algerian companies strongly present in the 17th Arab Steel Summit in Doha

Algeria participated strongly in the activities of the 17th Arab Steel Summit in the Qatari capital, Doha, during the 14th and 15th of October, represented by the Metallurgical and Steel Industries Complex (Imetal) in Algeria and all its subsidiaries, in addition to the Algerian-Qatari Steel Company, the largest successful Arab-Arab investment in the field of …

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Morocco: Ministry initiates anti-dumping probe into CR steel imports from Egypt

The Moroccan Ministry of Industry and Trade has officially announced the launch of an anti-dumping investigation into imports of CR steel from Egypt. This investigation comes following a complaint filed by Maghreb Steel, the only Moroccan flat steel producer in Morocco, which alleges that these imports are being dumped in the Moroccan market at unfair …

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Arab Steel Summit kicks off in Qatar with attendance of major Egyptian companies

The Arab Steel Summit kicked off this Monday morning, organized by the Arab Iron and Steel Union, with attendance of major Arab iron and steel companies, Ezz Steel Egypt, El Ashry Steel Group, El Marakby Steel Company, and other Egyptian companies. The Arab Steel Summit, which is being held this year in Doha, the capital …

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Arab Steel Summit: Expected growth in demand for steel products supported by infrastructure projects

George Matta, Head of Marketing Sector at Ezz Steel and Chairman of the Economic Committee of the Arab Iron and Steel Union, expected that demand for steel products in the Middle East region will increase during 2024, supported by infrastructure projects implemented by Egypt, Saudi Arabia, the United Arab Emirates, and Algeria. In his speech …

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Speech of the Secretary General Dr. Kamel Djoudi at the 17th Arab Steel Summit

In the name of Allah, the Most Gracious, the Most Merciful His Excellency Eng. Saad Sherida Al-KaabiMinister of State for Energy Affairs – State of Qatar Your Excellencies the Ambassadors of the Arab Countries His Excellency Mr. Awad Al-Khalidi, Chairman of the Board of Directors of the Arab Iron and Steel Union Ladies and Gentlemen …

Speech of the Secretary General Dr. Kamel Djoudi at the 17th Arab Steel Summit Read More »

540 Participants and Exhibitors at Arab Steel Summit

Qatar Steel is hosting the 17th Arab Steel Summit and International Iron and Steel Exhibition at the Sheraton Doha Hotel from October 14 to 15, 2024 under the patronage of His Excellency Eng. Saad Sherida Al Kaabi, Minister of State for Energy Affairs. Qatar Steel said that the event, organized by the Arab Iron and …

540 Participants and Exhibitors at Arab Steel Summit Read More »

Egypt: “International Steel” pumps 5.5 billion pounds to develop “Delta Steel” factory

International Steel for Industry intends to pump investments worth 5.5 billion pounds to develop the Delta Steel Factory, and increase its production capacity of reinforcing steel, steel coils and steel squares during 2025. Ahmed Al-Jarwani, Chairman of the Board of Directors of International Steel for Industry, told “Al-Arabiya Business” that the company will finance about …

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Algeria bans import of some steel products

The National Association of Banks and Financial Institutions issued an instruction prohibiting the import of some steel products. The association said it received a telegram from the Secretary General of the Ministry of Trade and Export Promotion asking banks not to approve bank domiciliation requests related to the import of some steel products intended for …

Algeria bans import of some steel products Read More »

Morocco to develop four new types of steel locally

The state will support Maghreb Steel, the main national player in the steel industry, in the development of four innovative projects. The company will benefit from financial support as part of the industrial innovation support program funded by the Innovation Support Fund (FSI), according to the Moroccan website Ludisk. The objective of the contract signed …

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Iron and Steel Mines’ Profits Record EGP 126 Million in Last Fiscal Year

The adjusted financial indicators of the Iron and Steel Mines and Quarries Company revealed a marginal decline in the company’s net profit during the last fiscal year. It explained in a statement to the Stock Exchange that it achieved a net profit of EGP 125.95 million in profits during the period from July 2023 to …

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Minister of Public Business Sector visits Nasr Steel Pipes Company

Engineer Mohamed Shimi, Minister of Public Business Sector, paid a field visit to Nasr Steel Pipes Manufacturing Company, affiliated to the Holding Company for Metallurgical Industries, as part of the ongoing field visits to affiliated companies to monitor the progress of work and modernization and development plans. During the visit, he inspected factories and production …

Minister of Public Business Sector visits Nasr Steel Pipes Company Read More »

$1.3 billion is the volume of Egypt’s iron and steel exports in January – August 2024

A recent report revealed a 15% decline in Egypt’s iron and steel exports in January – August of this year, reaching $1.368 billion, compared to $1.617 billion in the same period last year. Italy came in first place among importers of Egyptian iron with a value of $161 million, followed by Spain with $153 million, …

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Egypt: Returning to Building Law No. 119 of 2008 and stopping the current building requirements

News / By wessam ahmed

Dr. Manal Awad, Minister of Local Development, announced the President of the Republic’s approval of the joint study prepared by the Ministry of Local Development in cooperation with the Ministry of Housing to cancel the building and planning requirements currently in effect in Egyptian cities in the governorates, which were issued in March 2021, and …

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Egypt moves to amend carbon limits to enhance competitiveness

Dr. Mostafa Madbouly, Prime Minister of Egypt, held a meeting with a number of ministers and officials to discuss the mechanism for amending carbon limits to enhance Egyptian competitiveness in the field of exports. Counselor Mohamed El-Homosany, the official spokesman for the Presidency of the Council of Ministers, stated that the meeting discussed the available …

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Tosyali Algeria launches second DRI production unit

Tosyali Algeria announced the commissioning of the second direct reduction unit, which operates using 100% natural gas or hydrogen with modification, which reduces carbon emissions. The new module will produce 2.5 million tons of products (HDRI, CDRI) per year. According to equipment supplier Midrex, the plant is capable of operating with an increased percentage of …

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Arab Iron and Steel Union holds the third meeting of the Technical Committee in Algeria

The Arab Iron and Steel Union held the third meeting of the Technical Committee on September 17-18, 2024 in the city of Algiers in the Republic of Algeria at the Algiers Hotel. During this meeting, the opportunities and challenges of Arab steel companies to achieve carbon neutrality in the iron and steel industry and short- …

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