Steel News
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Egyptian Ezz Steel to challenge EU anti-dumping duties on hot-rolled steel
Steel producers in various countries subject to provisional duties have until April 4 to file their objections.
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Ezz Steel voluntarily delists from Egyptian Exchange
Egyptian giant Ezz Steel has secured shareholder approval for its voluntary delisting from the Egyptian Exchange (EGX), according to a disclosure.
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EZZ Steel sets buyback price for delisted shares at EGP 138.15
In addition, the price is 40 percent higher than the average price over the six months preceding the announcement.
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Egypt’s steel industry giant EZZ Steel to delist its shares from EGX
EZZ Steel, one of the fastest-growing steel producers in Egypt, is known for its technological advancements.
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Egypt’s steel industry giant EZZ Steel to delist its shares from EGX
EZZ Steel has appointed BDO Keys Financial Advisory to perform a detailed valuation and assessment of a fair value for the shares.
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Ezz Steel announces voluntary delisting from EGX
In a filing to the EGX, the company stated that the decision was approved during a board meeting held on December 7, 2024.
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Report expects iron consumption in Egypt to grow to 6.8 million tons by 2024
Flat steel consumption is also expected to remain stable at 1.5 million tons in 2024, and begin to increase thereafter.
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Doors and Windows
Assuit: Supply and installation of Seghal iron security doors and windows for the educational buildings and control rooms.
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Ezz Steel under EU investigation for “dumping” practices
Ezz Steel, which considers the EU a significant market for its flat steel exports, has pledged full cooperation with the investigation.
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Egypt Metalco to undergo liquidation over mounting financial losses
Heavily indebted Egyptian state-owned Metal Construction Company, Metalco, is set to undergo liquidation after years of mounting financial losses.
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Egypt’s steel rebar production surges 37% in H1-24
The production growth was backed by the availability of the dollar currency and companies' tendency to export.
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Egypt supports decarbonization of the steel industry
Investments in green capacity modernization will support the competitive advantage of local manufacturers in export markets.
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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.