Prices of home appliances expected to rise following a climb in input prices

Tue, 19 Dec 2023 - 01:17 GMT

Factories manufacturing in Egypt are facing a surge in steel prices, with the most recent increase by Ezz Dekheila Steel Company (Ezz Steel) earlier this week

Russian Company "Novostal M" expresses interest in investing in Egypt across various sectors

Wed, 16 Aug 2023 - 04:46 GMT

This came during a meeting between the Minister of Industry, Ahmed Samir, and a delegation from the Russian holding company "Novostal M" led by its President, Ivan Demshinco.

Egypt 2nd largest steel producer in MENA region: Fitch Ratings

Tue, 04 Apr 2023 - 03:10 GMT

This came in a report published by the Cabinet's Information and Decision Support Center (IDSC) on Tuesday.

China's TEDA, Chen Cheng to build $2B-worth steel, cast iron pipe factory

Thu, 23 Mar 2023 - 11:15 GMT

Prime Minister Mostafa Madbouli held a meeting Wednesday with the representatives of China's TEDA and Chen Cheng to discuss their plan of establishing a $2-billion factory.

Value of Egyptian non-oil exports drop by 18.3% on YoY basis

Tue, 23 Aug 2022 - 04:12 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) released a statement Tuesday detailing the exports, whose value declined in May 2022.

Egypt's exports of cast iron, steel hit $667M in 5 months

Tue, 19 Jul 2022 - 01:51 GMT

It added that the United States came fourth in the list of countries importing Egyptian iron and steel at a total value of $44.287 million, while Canada came fifth with imports worth $40.832 million.

Egypt's exports of cast iron, steel up 1% in 4 months

Thu, 23 Jun 2022 - 03:35 GMT

A report released Thursday by the Export Council for Building Materials, Refractory & Metallurgy Industries (ECBM) said that Egypt's exports of cast iron and steel went to 64 countries.

'Current timing mandates reaching fair price for steel, cement': Egypt's PM

Thu, 14 Apr 2022 - 10:49 GMT

Prime Minister Mostafa Madbouli met Wednesday with large cement and steel manufacturers at the Cabinet's headquarters to discuss the hike in prices.

Egypt's exports of cast iron, steel hit $200M in 2 months

Wed, 06 Apr 2022 - 02:06 GMT

A report released by the Export Council for Building Materials, Refractory & Metallurgy Industries (ECBM) said that Egypt's exports of cast iron and steel were to 51 countries.

Egyptian pres. instructs bolstering national heavy industries

Mon, 05 Apr 2021 - 10:09 GMT

Presidency Spokesperson Bassam Rady stated that the meeting discussed the measures taken to develop the sectors of cement, steel, and iron.

Steel price rises in Egypt over November, December

Wed, 30 Dec 2020 - 11:29 GMT

The price increased gradually by around LE2,500 as the value of raw material has moved upward globally.

Egypt's BOP declines by 8.6% in June 2020 compared to same month of 2019

Fri, 11 Sep 2020 - 11:56 GMT

The June BOP became $3.3 billion instead of $3.61 billion.

Egyptian steel, iron, cement exports decline 41.4% in 5 months

Mon, 29 Jun 2020 - 12:01 GMT

The report showed that 64.6 percent of these exports went to Saudi Arabia, Libya, Spain, Kenya, Italy, Sudan, the Netherlands, and the US at a value of $164 million.

China steel raw materials drop on demand woes

Wed, 19 Dec 2018 - 09:31 GMT

The most-active rebar contract on the Shanghai Futures Exchange was up 0.2 percent at 3,425 yuan a tonne. Hot rolled coil rose 0.5 percent to 3,448 yuan.

Delta Steel Mill under development to up production 5 to 10 times

Mon, 10 Dec 2018 - 02:21 GMT

The ministry said recent statements by Public Enterprise Minister Hesham Tawfik where he was quoted as saying that the "steel industry is not strategic" were taken out of context.

Mexican, Canadian steel lobbies urge fix to U.S. tariff dispute

Tue, 02 Oct 2018 - 10:10 GMT

Mexico and Canada on Tuesday urged their governments to resolve a tariff dispute with the United States before signing a new trilateral trade deal.

Trump allows targeted relief on steel, aluminum quotas: Commerce Department

Thu, 30 Aug 2018 - 08:11 GMT

Trump, citing national security concerns, placed tariffs of 25 percent on steel imports and 10 percent on aluminum imports.

Trump backs boycott of Harley Davidson in steel tariff dispute

Mon, 13 Aug 2018 - 08:57 GMT

Trump has criticized Harley Davidson, calling for higher, targeted taxes and threatening to lure foreign producers to the United States to increase competition.

China steel exporters delay shipments, giving space to rivals

Wed, 25 Jul 2018 - 09:03 GMT

China has for decades given tax rebates to exporters selling value-added steel, allowing them to undercut competitors.

EU to launch safeguards to curb steel imports on Thursday

Wed, 18 Jul 2018 - 09:08 GMT

The European Commission has proposed a combination of a quota and a tariff to counter EU concerns that steel products no longer imported into the United States would instead flood European markets.