Mohamed Haroun

Imported steel drives down local prices
Business

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

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

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

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

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

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

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

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

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

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…
Back to top button