Latest in Tag: steel Highlight
Latest in Tag: steel
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
Turkey imposes up to 14% additional duties on steel imports
Decision prevents rise in steel imports into the country
Steel markets further hit following COVID-19, oil slump
Sector’s preliminary recovery also hindered following bad 2019, local market dynamics provide breather
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.
Without safeguard measures, steel factories will stop, laying off 80% of labour
Increased imports caused damage to domestic industry, says investigation authority
Egypt’s steel industry, stuck in a legal limbo
Eleiwa says that billet imports reached 1.59 million tonnes last year, El Garhy believes industry is going through a tough period
Delta Steel Mill to upgrade factories with EGP700m
Modernisation to turn the company’s EGP 50m annual losses into EGP 150m in profits, says Tawfik
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.
Rolling steel factories closed but nobody listened
Steel price hiked by EGP 600, with expected increase of 15% on iron prices during decision period, says Ayad Group chairperson
Egypt imposes temporary 15% import tariff on iron billets, 25% on steel rebar
Egypt’s Finance Ministry has imposed, on Monday, a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days. The ministry announced that the tariff aims to protect Egypt’s domestic iron and steel industry against dumping, and unfair competition. Local steel manufacturers have been calling on the government to …
Egypt on right track, patience required till full implementation of economic reform plan: Elgarhy
I am optimistic about future of Egypt’s economy; government, businesspersons alike must do more
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
Al Ezz Dekheila Steel net profit in 2018 to stand at EGP 2.1bn: report
Company turned to profitability in first quarter of this year
Al Ezz Dekheila Steel to achieve net income of EGP 2.1bn in FY 2018: report
Company expected to benefit from low-interest rate environment
US Department of Commerce recommends imposing 53% tariff on steel imports from Egypt, 11 other countries
The US Department of Commerce has made recommendations to the US president to impose a tariff of at least 53% on all steel imports from 12 countries: Brazil, China, Costa Rica, Egypt, India, Malaysia, South Korea, Russia, South Africa, Thailand, Turkey, and Vietnam, with a quota, depending on product, on steel imports from all other …
Imposing new steel, cement fees will not affect real estate prices
The new health insurance law, due to go into effect after parliament approved it last week, is set to see new fees imposed on certain commodities to finance the program. The Health Affairs Committee of Parliament approved on Tuesday the draft of comprehensive health insurance law, in which it authorised the article on additional sources …
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 …
Trade Ministry keeps dumping duties on imports of steel for 2 more months
Decision includes imported iron from China, Turkey, and Ukraine
Steel prices increase six times in only one month: Egyptian Federation for Construction
During the period from 10 July to 10 August, prices of steel increased six times, according to a member of the Egyptian Federation for Construction and Building Contractors, Sahl Al Damrawi. Al Damrawi noted, “there is no justification for this increase except the absence of the role of the state in controlling prices. The producers …
South Africa proposes emergency steel tariffs
South Africa’s minister of trade has said he wants to see emergency safeguard tariffs in place by July. He said higher duties were urgently required to protect the domestic industry from foreign competitors.South Africa had no choice but to impose emergency safeguard tariffs on imports of certain flat hot-rolled steel products to protect local industry, …
EU ups import tariffs on China steel
While China is trying to define its future trade relations with the US, it’s been delivered a broadside from the European Commission. Brussels announced it had raised duties on Chinese steel imports.The EU executive said Thursday it had set anti-dumping duties on imports of hot-rolled flat steel products from China at a higher rate than …
Germany seeks EU help in steel row with the US
Germany has called on the European Commission to back its steelmakers by insisting on global trade rules in a dispute with US competitors over alleged German price dumping on the embattled US market.The US Department of Commerce has launched price dumping proceedings against foreign steel firms, including two German producers, suspecting they may be selling …
Government backtracks on gas price reduction for steel factories
$1.8bn will be spent on importing billet rather than producing it locally, says El-Daw
Steel prices jump to register EGP 9,250 per local tonne after flotation of pound
It is expected that steel prices will decrease to EGP 5,200 per local tonne and EGP 5,800 per imported tonne once US dollar rate stabilises, says head of Real Estate Investment Division
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
China vows to curb overcapacity in steel
China’s Premier Li Keqiang has told EU officials that his country is committed to market reforms and will stay determined to tackle a steel capacity glut that has sharpened tensions between China and the EU.
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%.
Abou Hashima looks to revamp Egyptian media by becoming its most dominant player
Following his recent purchase of ONTV, Abou Hashima is planning a number of projects for the future of media and its expansion by launching other TV channels and producing drama series