Iron factories reduced their prices by LE200-300 in mid May due to a sharp decline in sales during the months of April and May.
Beshay Steel, the second largest producer of iron in the market, sent a statement to the Ministry of Trade and Industry (...)
Turkish iron exporters will begin offering reinforcing iron for prices below those of Egyptian iron producers, according to an offer made during a meeting held in Cairo yesterday between Egyptian and Turkish importers and exporters.
The Turkish (...)
Annual profits for local steel manufacturer Ezz Steel fell from LE1.2 billion in 2008 to LE88 million in 2009 as a result of a year-long closure of one of the company's steel-plate factories. The losses have also been attributed to declining tin (...)
Sales of local and imported steel bars dropped by 70 percent this week despite reduced prices. Experts were unable to explain the dip in sales, as demand remained high until the end of last year.
Meanwhile, the public sector steel company raised its (...)
Iron companies have raised the prices of iron to be sold in February by between LE200 to LE250, after Ezz Steel Company raised the price of one ton of iron by LE230 yesterday. According to the new prices, one ton of iron will now be sold for between (...)