Iron and Steel

Sisi orders providing supportive environment for heavy industries in Egypt

Sat, 26 Aug 2023 - 05:55 GMT

Egypt’s President Abdel Fattah El-Sisi ordered on Saturday providing a supporting environment for the heavy industries sector, especially the iron and steel industry.

Egypt’s steel, iron exports increased by 179% in 5 months

Mon, 26 Jul 2021 - 03:33 GMT

The report showed that 78.9 percent of these exports went to Spain, Italy, Saudi Arabia, Brazil, US, Kenya.

Iron and Steel continues liquidation process negating receiving any sell offers

Sun, 28 Mar 2021 - 12:55 GMT

The company declared that what the Ukrainian company Fash Mash presented is nothing more than a review of the company's various divisions, nor is it a proposal to develop the company or a detailed plan to purchase it.

Iron and Steel's losses dip 8.6% in H1 of 20/21

Sun, 07 Feb 2021 - 01:16 GMT

It recorded losses amounting to LE 437.05 million during the period from July to the end of December, compared to losses amounting to LE 478.18 million during the same period of the previous fiscal year.

Fully explained for non-specialists: The split-up of the National Company for Iron and Steel

Mon, 18 Jan 2021 - 03:09 GMT

The National Company for Iron and Steel is going through a horizontal split-up, a difficult step that was met with widespread criticism, prompting the Cabinet to explain the decision in a statement.

Egyptian national company for Iron and Steel to be liquidated

Sat, 16 Jan 2021 - 03:52 GMT

On January 11, 2021, the General Assembly of the Helwan-based company took a decision to liquidate the company due to losses and huge debts.

Sales of Iron&Steel decline 37% in 7 months

Mon, 16 Mar 2020 - 03:34 GMT

Its total sales during the period from July to the end of last January amounted to about LE 455.4 million, compared to LE 722.13 million during the same period last fiscal year.