Nancy Yang

Beijing

Schwerpunkte: Trader

Steel news

Turkish firm Ukinox signs $14m contract for stainless steel plant in Sokhna Industrial Zone

The facility will span 37,000 square metres and create 220 direct jobs, with the first phase of operations and production to begin in mid-2028.

The steel giant’s pivot allows it to secure a low-cost green energy base with easy access to EU export markets.

Egypt imported some 4.7% of the world’s traded billets in 2024, amounting to some 2.6 mn tons.

Currently, 26 steel plants face billet shortages, with only six noting sufficient feedstock input.

Egypt may amend its safeguard measures on hot-rolled coil imports announced in September 2025 for 200 days.

Steel Events

MACTECH 17.12.2026

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