Latest in Tag: Iron Highlight
Latest in Tag: Iron
Egypt’s Iron and Steel starts trial mineral beneficiation project
Project aims to conduct iron processing in Egypt’s oases area, using dry, water-saving magnetic separation technology
Egypt to review import duties on iron billets, rebar in April
Duties on iron billets, steel rebar would be reduced to 10%, 17%, respectively, starting from April
Iron, steel workers protest over ‘unilateral’ factories closure in Egypt
Egyptian government vows to protect rights of sacked Iron and Steel workers, cites massive losses at company
Shortage of iron billets hits rolling mills locally
Rolling mills in Egypt are currently suffering from low availability of iron billets production locally. The hiccup in supply has forced factory closures due to their commitment to workers, as well as their bank obligations that require them to fulfil a guarantee of factory operations. Tarek El-Gioushy, member of the Chamber of Metallurgical Industries at …
Public sector Co. to launch iron ore producer with EGP 500m licensed capital
The approval was given at the board’s meeting, on Sunday, with the new company set up for the purpose of extracting and trading iron ore and other minerals.
Egyptian Iron & Steel launches new company for mining, quarrying
The decision was made during an extraordinary general assembly on Monday. In a statement, the company said the new joint stock company will be owned by the same current shareholders.
Dumping fees on Egypt’s iron, billets imports extended to October
European Steel Union calls for anti-dumping duties to be imposed on Turkish steel from 30 March
Egyptian steel, iron, cement exports decline 33% in 1Q 2020
The report said 67% of these exports went to Saudi Arabia, Libya, Spain, the US, the Netherlands, Kenya, Italy, and Uganda at value of $113.077m.
7 challenges facing the iron and steel industry in the Arab region: George Matta
Rebuilding of Iraq, Lebanon, Syria, Yemen, and Libya represent a lifeline for industry
Egypt imposes 25% tariff on steel rebar, 16% on iron billets for three years
Since the beginning of this year, Egypt’s iron industry has been subjected to a legal battle started by integrated steel plants and hot rolled steel manufacturers after the Ministry of Trade and Industry issued a resolution in April, imposing a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days ending in October.
Iron hits EGX trading last week amid increasing transactions
EGX expected to continue fluctuating in coming sessions
Egypt’s industrial production value increases by 27.6% in Q3 of 2018
Production values for chemicals and its products reached EGP 28.8bn for Q3 of 2018, compared to EGP 14.8bn for Q3 of 2017, an increase of 94.4%, due to increases in detergent and fertiliser production as well as an increase in market demand.
14% increase in volume of Egyptian exports during H1 2018
Egypt’s exports of iron and steel rose by 13% in the period from January to the end of June 2018
Iron in grip of local factories
Industry Ministry imposes anti-dumping duties on imports from 3 countries for 5 years
Egyptian Iron & Steel reduces its losses to EGP 191m during Q1 2017/18
The Egyptian Iron and Steel Company, one of the public sector companies, managed to reduce its losses in the first quarter (Q1) of the current fiscal year compared to the same period last year. According to the company’s statement to Daily News Egypt, it had a loss of EGP 191m, compared to EGP 233.6m in …
Iron exports at Damietta port increase by 684.6% year-on-year
14.2% growth in cargos traded in Damietta port during 2016
Premiere to serve as financial advisor for establishment of iron, steel plant in Dubai with investments of $400m
The plant’s output will reach 500,000 tonnes per year
Suez Canal forms partnership with International Expertise Association Academy to establish $1bn iron, steel plant
The project will be established on Suez Canal territory, north-west Gulf of Suez with a production capacity of 1.2m tonnes
12% in production value of iron, steel in public business sector 2014/2015: CAPMAS
The production value in the public business sector as a whole in 2014/2015 reached EGP 95bn, compared to EGP 114.8bn in 2013/2014, with a decrease of 17.3%.
IRON records EGP 104m loss in Q1 2015/2016
The company’s losses decline by 16% YoY
Egypt seeks export increase to African countries over next 3 years
Egyptian imports from these countries amounted to approximately $810m during 2013, compared to $1bn during 2012. The most important receiving countries for Egyptian exports are Libya, Sudan, Kenya and South Africa, according to El-Leithi.
Planning, investment ministers agree on financing Misr Spinning and Weaving
Salman, Araby discuss iron and steel development via imported raw materials and cooperation to increase production
Negotiations to resume with Russia to provide natural gas via Gazprom: Deputy Russian PM
Russia is preparing technology with the World Bank to implement the ‘one-stop shop’ investment window system
Government considers new iron, cement licences to fill local gap
Consultations with GAFI Board on final draft of amendments to investment guarantees and incentives to take place within a week
Workers strike at Helwan steel company
Production process stopped, workers to continue striking until demands are met, says labour leader
Industry, food and metal production rose during 2012: CAPMAS
Risen value of several commodities influenced production value, government statistics agency indicates
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
Iron producers demand customs duties, protection fees on imported steel following energy price increases
The government had recently increased natural gas prices by $3 for the iron and steel industry, bringing the total price to $7 per million BTUs.
IPOs will support public sector businesses: Minister of Industry
Abdel Nour said that the investment climate has improved significantly over the past three months.
Iron and steel workers demand pay
Demonstration expected Wednesday