Steel News
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Egypt’s steel rebar production up 24.3% YoY in Q1
The surge in production was driven by the decline in prices over the past two months as well as the availability of US dollar liquidity.
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Egypt Eyes $4 Billion Iron and Steel Industrial Complex with Italian Firm
Explore Egypt's ambitious plan to revolutionize its iron industry with an integrated industrial complex and green hydrogen production facility.
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Ezz Steel's investments soar to $5.9B as exports target $1.75B in 2024
Afaf Ezz highlighted that the new smelting furnace was commissioned with an investment cost of approximately LE 5 billion.
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Elevating Egypt's energy efficiency: ABB and Ezz Steel lead an engaging panel discussion
The panel discussion was titled "Steel Making: The Paradox of Reducing OPEX and Increasing Efficiency".
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Egypt’s iron, steel exports grow by 65% in nine months
Egypt's cast iron and steel exports surged to $1.74 billion in the first nine months of 2023, up by 65 percent, from $1.053 billion.
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Steel prices in Egypt reach historic highs
Steel prices reached historic levels in Egypt after key producers raised prices significantly.
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Top 10 steel producers from Egypt
The steel industry in Egypt serves as a critical backbone to the nation's construction and infrastructure sectors, demonstrating vibrant growth.
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IFC Approves $25 Million Loan to Support Green Steel Production in Egypt
The IFC will also provide advisory support to help Kandil Steel develop a decarbonization program to reduce its carbon emissions.
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Egyptian steel titan Ezz Dekheila re-buys listed shares for nearly EGP 8.7 bln
Al Ezz Dekheila Steel Alexandria, Egypt's biggest steel manufacturer, has bought 6.95 million of its listed shares from shareholders for EGP 8.69 bln.
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IFC approves $25 mln loan to boost Egypt's sustainable flat steel manufacturing
The International Finance Corporation (IFC) has approved a $25 million loan to Kandil Steel company to support sustainable flat steel processing.
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Egypt to build $1 bln steel complex at SCZone
The Egyptian Cabinet announced in a statement on Wednesday the approval of building a $1 billion steel industrial complex extending 1.5 million square
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Beshay Steel sells minority stake to NSPO
Mostafa Madbouly, announced in a cabinet statement that Egypt will set up an integrated industrial complex for the production of flat steel.
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Egypt eyes issuing licenses for rebar, flat steel production in 2024
The Russian metallurgical firm Novostal-M Holding is planning to pump initial investments ranging between $400 and $500 million.
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Russian steel giant Novostal-M seeks to expand in Egypt: Minister
Egypt’s imports from Russia increased to $4.1 billion in 2022, up by 15.5 percent in 2021.
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Egyptian Ezz Dekheila Steel seeks loans to compensate shareholders after delisting
Al Ezz Dekheila Steel Alexandria, Egypt's biggest steel manufacturer, is seeking syndicated loans in foreign currency.
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Egypt's iron and steel exports grow by 46% in 5 months
The report indicated that a total of 69 countries received imports of iron and steel from Egypt during the January-May period.
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Egypt: Ezz Steel moves to losses in Q1
Ezz Steel is an Egypt-based manufacturer and trader of steel and related products.
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Egypt steel production slows amid dollar shortage, declining demand
Egypt’s steel production has slowed since the beginning of the year as a result of a foreign currency shortage and a decline in local demand.
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Egypt’s steel factories face shutdowns
El Garhy Steel has stopped production since the beginning of the current year due to the lack of the required materials.
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Two Chinese companies offer to build $300 mln iron complex in SCZone
Two Chinese companies presented an offer to the Egyptian government to launch a $300 million steel complex at the Suez Canal Economic Zone (SCZone).