Latest in Tag: steel Highlight
Latest in Tag: steel

Analysts laud lowering gas prices for steel factories
Steel factories were spending $2bn to import steel plate, to offset low production resulting from gas shortage

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

Steel price expected to reach EGP 6,000 next June owing to dollar revaluation
Dollar crisis to affect real estate sector leading to at least 20% increase in price of housing units, said Abdallah

Steel industry urges tough action on China amid overcapacity and job losses
Steel workers and managers protested the import of Chinese ‘dumping’ products at a rally in Brussels. They urged the EU not to exacerbate the situation by granting China market economy status.

Steel companies sign ÂŁ12m deal with UK
Deal is part of strategy to increase engineering exports to Britain

Egyptian Iron Steel, Ezz steel suffer notable losses
A protection fee was imposed on rebar steel in April 2015

China loses WTO appeal in steel spat with EU, Japan
The World Trade Organization (WTO) has struck down Beijing’s appeal against an earlier ruling, which said China violated international trade rules when it imposed anti-dumping tariffs against certain steel tubes. China has lost a trade dispute over duties on European and Japanese high-grade steel, according to a WTO ruling that was made public on Wednesday. …

Cement price stable for 9th month, steel price stable for 8th month
Production of cement increased during August 2015 by approximately 87,922 tonnes compared to July
Customs should be applied on imported steel: Industry official
Steel prices expected to remain stable next month

Ahmed Ezz loses appeal over financial control in corruption case
Freeze on former NDP secretary general prevents him from running in upcoming elections
Trade deficit sees 4.4% hike in Q3 of FY 2014/2015
In a country that is more dependent on imports, it is generally common to find a deficit in trade balance
Steel prices decline in July
Production in July marked 130,825 tonnes

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

Ahmed Ezzâs appeal on parliamentary ban postponed
Steel magnate was released from prison on bail after major convictions against him were overturned on appeal

10.9% increase in trade balance deficit in March: CAPMAS
Egypt recorded trade balance deficit of EGP 26.7bn in March 2015

Steel industry investments of EGP 150bn face collapse: Gamal El-Garhy
Despite recently imposed protective duties on steel imports, 300,000 tons reached Egypt from Turkey and China

Businessmen, officials dispute steel protection fees
Local producers will raise prices as steel demand will increase, extra imposed fees will harm low income people, says construction officialÂ

Industry Ministry studies new steel, cement licences
Head of Metallurgical Industries chamber says there is a gap between steel factories production capacity and actual production
Solb Misr to pump $200m in investments: El-Garhy
Al-Garhy says his company has invested approximately EGP 14bn so far

Steel companies anxious about market fluctuations: Experts
Companies keep prices stable, waiting for economic improvements

Suez Steel obtains final approval, records $100m in 2015 investments: Gamal Garhi
Government puts unfair pressure on investors, but Garhi optimistic about future in light of recent reforms
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 âone-stop shopâ investment window system

New licences will not boost steel and cement production due to energy shortages: manufacturers
Energy supply does not match targeted output, claims steel and cement companies

Local steel producers do not expect high profits in 2014: Egyptian Steel chairman
Value of government-imposed protection fees is low, Ahmed Abou Hashima says

Workers strike at Helwan steel company
Production process stopped, workers to continue striking until demands are met, says labour leader

Steel prices fall during October following new imported steel fees
Ministry of Supply boosted regulatory campaigns on steel and cement companies to ensure they abide by official prices

Steel companies lower their prices in attempt to attract sales
Decision follows introduction of protective duties on imports as domestic steel industry struggles

Conflicting reactions to new fees on imported steel
Egyptian steel importers to pay EGP 290 fees per tonne, analysts expect increase in steel prices

Electricity ministry sets new energy feed-in tariffs
Ministry of Electricity announces prices for electricity generated from solar and wind energies in the framework of combating the energy deficit in the coming months