Latest in Tag: Ezz Steel Highlight
Latest in Tag: Ezz Steel
Ezz Steel earns EGP 4.12bn in 1H 2022, growth of 72.3%
The company’s sales also increased to EGP 38.5bn, compared to EGP 30.4bn.
Ezz Steel ranks top producer in Africa and Arab region in 2021
Strong growth, both in the local and export markets, supported a 12% increase in crude output in 2021, enabling Ezz Steel to achieve record export sales amounting to $1.3 billion. Ezz Steel remains a market maker and trendsetter. Successful introduction of the high tensile steel grade B500DWR into the Egyptian market created a new market standard in Egypt: achieving clients’ quality and economic targets while reducing the environmental impact.
Ezz Steel plans to operate 2nd melt shop by early 2023
New project costs nearly EGP 3bn
Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn
The company said in a statement to the Egyptian Exchange on Sunday, that the total value of the purchase amounted to EGP 2.5bn, and it will be paid from the company’s resources.
Ezz Steel to turn profitable by Q2-Q3, if strong market conditions continue
Company hopes to produce 1.8m tonnes of flat steel, between 3m-3.5m tonnes of rebars in 2021
Ezz Steel raises prices by EGP 1,000 per tonne
Ezz Steel has raised the price of finished steel products by EGP 1,000/tonne to EGP 13,654/tonne (including VAT). On a cumulative basis, the price hike amounts to 35% since 19 November.
Ezz Steel founder increases his majority stake by 27%
Ezz Steel completed a EGP 836m transaction after selling 27% stake in what can be called a corporate restructuring, sources close to the matter told Daily New Egypt.
Ezz Steel records EGP 4.2bn losses in 9M 2019 as demand decreases
Company saw increase in rebar production by 1% to 2.55m tonnes until end of September 2019
Ezz Steel raises its stake in Dekheila in a share-swap
The research centres are optimistic about the results of Ezz’s work during 2020
Ezz Steel, EZDK among top beneficiaries from gas price decline
EGAL saves about EGP 31m in production costs following gas price fall
Siemens to provide Egypt’s Ezz Steel with industrial cloud tech for data analytics
DTA solution supports industrial companies to increase asset reliability, availability, while reducing cost
Ezz Steel to experience hard times on unfavourable market dynamics: report
Local steel producers have consistently utilised rebar protective tariff to fullest
Clarkson, Ezz Steel receive largest vessel in Ain Sukhna port
Fruitful cooperation between Ezz Steel, Dubai Ports Authority, Red Sea Ports
Ezz Steel revenues to stand at EGP 50bn in 2018 on higher sales: report
Company’s distributed dividend per share to be in EGP 1.1-1.3 range
Ezz Steel mulls cost reductions to boost financials, market share
Company losses fell by 16.3% in third quarter of 2017
Ezz Steel expects to reduce its losses gradually due to pound’s flotation
The flotation and the increase in steel prices globally are pushing the company to take advantage of its improved performance, said the company’s chairpersonÂ
Ezz Steel bets on growth of local demand on reinforcing bars to increase sales
Ezz Steel said in a report that it registered a strong growth in the sales of reinforcing bars, especially in the local market, which contributed to increasing the company’s first quarter (Q1) sales. The company registered sales of EGP 4.967bn in Q1 2016 compared to EGP 4.793bn during the same period last year, which marks …
Ezz Steel reports EGP 137m net loss in Q1 of 2016
More obstacles will face Ezz Steel during the remaining months of FY 2016, says Prime Holdings
Ezz Steel honours Egyptian squash champion Nour El-Sherbiny
El-Sherbiny became ranked first internationally as the best female squash champion
Ezz Steel expects continued foreign exchange challenges, decline of global market in short-term
The company managed to turn profits in Q4 of 2015, and reduce losses owing to lower cost of raw materials, opening Ezz Rolling Mills
Low steel production and factories losses due to lack of hard currency: Ezz steel
Ezz Steel sells 8.4m tonnes of steel annually, including 1.8m tonnes of which are imported
Ezz Steel records EGP 145.9m losses in Q1 2015
In 2014, the company lost EGP 835.5m
Suez Canal ceremony expenses collected: Canal Authority official
Donations ranged between $250,000 and $1m, the official noted
Al-Ezz Dekheila Steel Company suffers losses, unstable gas supply
Steel producer will consider alternative sources of energy to make up decline in steel production due to natural gas shortage
Ezz Steel loses EGP 835.5m in 2014
Company’s former chairman Ahmed Ezz was released on bail from prison in August 2014
Steel companies lower their prices in attempt to attract sales
Decision follows introduction of protective duties on imports as domestic steel industry struggles
Industry minister meets with Ezz Steel, Beshay Steel and Suez Steel
Abdel Nour met with the companies to discuss repercussions of increase in energy prices on iron
Price of steel set to increase in June
Pound’s devaluation against the dollar driving a rise in raw material prices
EFG Hermes: Egypt’s economy will grow 3.5% in 2013
The acceptance of Egypt’s pending IMF loan will have a positive effect on the economy and there will be an increase in tourism and FDI throughout the year, says EFG
Steel prices surge, traders call to remove tariffs
The rise of prices is also reflected in all other products in the Egyptian market, especially imported ones