Mohamed Haroun
Imported steel drives down local prices
Business
April 13, 2010
Imported steel drives down local prices
Ezz Steel is currently selling some 37,000 tons of imported Turkish steel for LE4050 per ton ex-factory. "This was the…
Turkish suppliers offer cheaper iron for import
Business
April 6, 2010
Turkish suppliers offer cheaper iron for import
Turkish iron exporters will begin offering reinforcing iron for prices below those of Egyptian iron producers, according to an offer…
Ezz Steel sees sharp decline in profits
Business
March 24, 2010
Ezz Steel sees sharp decline in profits
Annual profits for local steel manufacturer Ezz Steel fell from LE1.2 billion in 2008 to LE88 million in 2009 as…
Steel manufacturers abruptly raise prices
Business
March 15, 2010
Steel manufacturers abruptly raise prices
Local per-ton steel prices abruptly rose from between LE3150 and LE3450 to between LE3500 and LE3800 in the last few…
Egypt steel sales drop despite discounted rates
Business
March 9, 2010
Egypt steel sales drop despite discounted rates
Sales of local and imported steel bars dropped by 70 percent this week despite reduced prices. Experts were unable to…
Steel prices fall due to low demand, imports
Business
February 15, 2010
Steel prices fall due to low demand, imports
Waning domestic demand for steel rebars and rising imports of Turkish and Ukrainian steel have combined to bring down per-ton…
Extra fees on steel imports ruled out by ministry
Business
February 8, 2010
Extra fees on steel imports ruled out by ministry
An official source at the Trade and Industry Ministry has ruled out the possibility of levying additional fees on imported…
Iron demand low as prices rise
Business
February 6, 2010
Iron demand low as prices rise
Demand for iron decreased this week after companies increased its price by an average of LE200 per ton. Meanwhile, importers…
Local prices of iron increase
Business
February 2, 2010
Local prices of iron increase
Iron companies have raised the prices of iron to be sold in February by between LE200 to LE250, after Ezz…
Yielding to minister’s threats, cement firms reduce prices
Business
January 21, 2010
Yielding to minister’s threats, cement firms reduce prices
After raising per-ton cement prices last week--in a move largely seen as unjustified--local cement companies Thursday retracted the decision after…