Egypt imports 50,000 tonnes of rebar with $19bn in July
Egyptian firms importing steel have contracted on purchasing 50,000 tonnes of rebar with the cost of US$19 million…
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steel
G20 officials vow to tackle steel, industrial overcapacity
The world's top economies will work to tackle excess production capacity in steel and some other industries,…
Egypt’s tycoon Abou Hashima looks to overhaul media: report
While the 25 January Revolution signalled an end to the era of Hosni Mubarak, a new business tycoon was emerging…
Japanese Mitsubishi eyes upgrading Egypt’s iron, steel complex in Helwan
Japanese engineering company Mitsubishi Heavy Industries, Ltd. eyes developing Egypt's iron and steel complex in…
Obama, Australia’s Turnbull discuss global steel glut
U.S. President Barack Obama and Australian Prime Minister Malcolm Turnbull on Thursday discussed by telephone the…
Steel group Solb Misr investments in Egypt hit $1.7bn
Investments of steel group Solb Misr in the Egyptian market are estimated at around 14 billion Egyptian pounds…
Steel industry plays fundamental role in Egypt’s economy-Premier Ismail
Egyptian Prime Minister Sherif Ismail stated that steel industry is currently playing fundamental role in state’s…
China expects to lay off 1.8 million workers in coal, steel sectors
China said on Monday it expects to lay off 1.8 million workers in the coal and steel sectors as part of efforts to…
Solb Misr incurs $64mn losses, delays trading in EGX until 2017
Egyptian steel group Solb Misr has incurred losses estimated at 500 million Egyptian pounds (US$63.8 million) in…
Egypt studies two Russian offers to bolster steel industry
Egypt is currently studying two offers from Russian companies to upgrade the steel furnaces of Egyptian Iron &…
