The Egyptian ministry of Industry and Trade announced on April 19th the imposition of 8% definitive safeguard duty on rebar and wire rod imports at a minimum of EGP 408 per ton ($53) valid through October 13th, 2017. This comes on the back of a complaint received from local producers ...
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Egyptian monthly imports of semi-finished products for the years 2010 2014
«Arab Metal» collected and prepared All statistics below, which is part of its database. Everyone can be use it, with reference to «Arab metal». Value: USD Quantity: tonnes All imports values CIF All export values FOB Month Value (US$) Weight (ton) Nov-14 98,070,299 211,717 Oct-14 55,388,260 114,166 Sep-14 ...
Read More »Egypt: Build a new capital at a cost of $45 billion
Al Ahram Weekly – Egypt's construction industry is gearing up for a marked increase in activity following announced plans to build a new capital at a cost of $45 billion, along with other major real estate projects worth over $12 billion. The projects were unveiled at last month's Egypt Economic ...
Read More »Solb Misr to pump $US 200m in investments
DailyNewsEgypt – Gamal El-Garhy, chairman of Solb Misr Company, said his company plans to pump approximately EGP 1.6bn, or $200m, in investments during the coming period. “We have some investments that we are currently developing,” he said, adding that the investment plan will last till 2017. The company is ...
Read More »A giant increase in Egyptian imports of Turkish steel products in 2014
ArabMetal – Egyptian imports of Turkish finished steel products rose by a large margin amounted to 76.33% in 2014, compared to the previous year. According to the «Arab metals» database, Egyptian imports of Turkish finished steel products were 513,313 tons in 2014 compared to 291,112 tons in the year ...
Read More »Arab DRI production dropped in 2014
ArabMetal – Arab countries produced 17.2 million tons of DRI in 2014, a decline of – 5.41% compared to the production of 18.17 million tons in the year 2013. The biggest decline was: UAE by – 21.66% to 2.41 million tons, Egypt by – 16.03% to 2.882 million tons and ...
Read More »Egypt: declining sales and production of «Ezz Steel» in the first nine months of 2014
ArabMetal – According to the third quarterly report of 2014, published on 17 February Total «Ezz Steel» sales of finished product value (long and flat) dropped by – 6.88%, to 14.881 million Egyptian pounds in the first nine months of 2014 compared to sales worth $ 15.981 million Egyptian ...
Read More »Egyptian Steel plans 2 new factories, seeks 20-25 percent market share
Reuters – ArabMetal – Egyptian Steel expects to open two new factories by the middle of 2016, raising capacity to 1.8 million tons of rebar and 1.7 million tons of Crude Steelper year and boosting its market share, chairman Ahmed Abou Hashima said. In addition to its plants in ...
Read More »Ezz Steel signs $US 236 million long-term financing agreement
In a bid to restructure its debt, Egypt’s biggest steel maker, Ezz Steel, had agreed to a long-term financing contract with the National Bank of Egypt and Arab African International Bank in a deal valued at $236 million, it emerged late on Monday. The credit line will be refunded ...
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