Steel industry in egypt pdf

Crossing from south to north is the nile river that flows into the mediterranean sea. Pdf the local steel industry in egypt has been protected by high tariffs which were relaxed lately. The first deals with the past, present and prospective consumption of iron and steel in africa and the extent to which it has been supplied so far from the domestic iron and steel industry. Egyptian governments substantive plans for economic growth. The short range outlook of the world steel association worldsteel projected that global steel demand will reach 1,657. The corporate and individuals income taxes are limited to 20%. The current state of the steelmaking industry in russia 20 appendixand iron market 22 contacts 23 02 01 key findings introduction 02 global steel and iron market 03 overview of the russian steel 04 the current state of the steelmaking industry in russia 05 appendix 06 contacts. This page has steel production values for several countries part of africa. Steel industry in egypt flanders investment and trade. In december 2019, capacity utilization was estimated at 71.

Opportunities due to the disequilibrium in international. The steel market in egypt is a very wide market with many. This article is intended only to address the business, economic and social dimensions of the industry, since the bulk production of steel began as a result of henry bessemers development of the bessemer converter, in 1857. Egyptian steel strategies are supported by a chain of core values that drive the group decisions and behavior and set a standard of excellence, transparency and accountability that rewards our stakeholders including customers, employees and business partners. The global steel industry is getting increasingly intertwined and integrated, and the indian steel industry, which was relatively insulated until now, will have to factor in these global changes. Biggest challenge of the industry in 2016, on average 1. We earned our reputation for integrity, reliability and a high level of customer satisfaction by adhering to our core values of conducting business with the highest ethical and legal standards in our industry. Orascom construction industries is the largest construction contractor in egypt. The industry insight is distributed to all amcham members and is available without charge for the wider business community. Egypt steel production 19912020 data 20212022 forecast. The egyptian steel industry represents one of the cornerstones of egypts economic growth and development, due to its linkages to almost all. Egypt is a leading manufacturer of reinforced steel in the middle east, the annual production reached 7. Over the first three months of 2017 saw global steel output reach 410. Recent market developments in the global steel industry.

Steel industry uncertainty egypt oxford business group. The egyptian steel industry is an interesting case to analyze because it is a strategic source of raw material for other industries. Flat steel market size, share and statistics industry. Egypt is a big market for iron and steel big quantities of iron ore are available in egypt, together with other raw materials needed for this industry. Egypt steel industry trade tariffs and implications. Raising the benchmark of the steel industry and becoming a leading player in egypt and the mena region. Between 2004 and 2010, finished steel consumption in egypt rose from 3. In december 2012, turkey a major source of steel for egypt exported fewer than 5000 tonnes to the north african country, down more than 50% monthonmonth and a fall of more than 90% on december 2011. Amcham bsac 2003 iii dollar values are based on the 200102 central bank of egypt average rate of le4. One of the leading factories in the middle east specialized in producing longitudinally welded stainless steel pipes in most sizes and shapes. During the early nineties, there has been a surge of. Egyptian steel mission statement utilizing the stateofart, ecofriendly technologies and fulfilling our employees highest potential of professional development to. Steel is an alloy of carbon and iron that is harder and stronger than iron. A brief history of the indian iron and steel industry k.

Application of porter analysis to steel industry jeet 1. Ezzsteel is the largest steel producer in the country. Early history the art of making iron by smelting iron ore was known and practised in india from very early times, and the. For year 2019, it is forecasting that global steel demand will grow by 1. Thirty years of experience in this field serving egypt and arab countries. Study on the market of steel plates industry in egypt. Flat steel market size exceeded usd 425 billion, globally in 2018 and is estimated to grow at over 5. Objective of aisu is development of the arab steel industry. February 2020 highlights from november to december 2019, u. Global research egypt global investment house july 2009 egypt steel sector used in both carbon reduction reformed natural gas and power generation. The steel industry in egypt represents an important sector of the economy that provides over 19. Al ezz steel rebars ezz steel is the leading steel producer in the middle east, with a growing presence in markets around the world. Countrywise imports of steel by india for fy19 in million tonnes source. Pestel analysis of the steel industry economics essay.

Since the mid of the last century, egypt has been paying more attention to this industry, commencing with the. The construction sector in egypt boomed during the late 1990s and continued to support the economy till the mid 2000s. Other key steel producers include acrosteel, ashry steel, solb misr. Turkey is now looking to invest in steel production in egypt itself.

Egyptian prime minister sherif ismail stated that steel industry is currently playing fundamental role in states economy since it is the key gate for all national developmental projects in all governorates. Steel industry overview 2001 typically, egyptian industrial sectors are dominated by a handful of public and semiprivate companies locked in a sluggish struggle to come out on top if and when they are fully exposed to the vicissitudes of the free market and foreign competition. Egypt power market analysis offers latest trends, growth prospects, regional market share, market size, industry competitiveness, investment opportunities, egypt power market top players, forecast to 2022. The hike in prices is due to brazil dam disaster in january 2019 and cyclone in australia in.

This article is intended only to address the business, economic and social dimensions of the industry, since the bulk production of steel began as a result of henry bessemers development of the bessemer converter, in 1857 previously, steel was very expensive to. Despite the declining share of industry in global gross domestic product gdp, global industry and wastewaste water ghg emissions grew from 10. The steel industry remains at the heart of global development. Steel prices have already been climbing since the ministry of trade and industry imposed antidumping duties on imported steel in june. Arcons is a fast growing egyptian company with a specializations in steel structures for middle and heavy industrial applications. Application of porter analysis to steel industry jeet. There are around 25 steel works across the country out of which just eight are capable of producing billet with a total capacity of nearly 8 million tonnes. Ezdk is the biggest producer of steel in the region. The report is also forecasting that the demand for steel in. This factory is situated in helwan, a subnrb of cairo.

Egypt is located in the extreme northeast of africa. Steel market conditions have been improving gradually in most regions since late 2015, although it is uncertain how long the momentum can continue. The seven sectors, namely textiles and ready made garments, cement, steel, car assembling, beverages, home appliances, and pharmaceuticals, are chosen. Arab iron and steel union aisu is an international arab n. In this context, creamer medias steel 2019 report examines the global steel industry over the past 12 months and provides insight, particularly into south africas steel sector, including production and consumption, steel prices, import protection and the impact of us steel tariffs. A the steel market in egypt is a very wide market with many companies and a wide variety of products. Cmie during the year fy19, finished steel exports declined by a sharp 28. However, the revolution and its fallout as well as a constrained international economic environment saw finished steel consumption fall to 7. Egypt is signatory to many regional and international free trade agreements which reduce or wave completely the custom duties on exported imported goods. Industry related greenhouse gas ghg emissions have continued to increase and are higher than ghg emissions from other enduse sectors high confidence. Overview of the steel and ron ore arket overview of the lobal steel and iron ore market production output trends eiu experts revised downwards the estimates of the 2017 global steel output from 5.

Egypt has the largest steel industry in africa and the middle east. Study on the market of steel plates industry in egypt the iron and steel business is an important and strategic industry for any given community as it plays a key role in developing the industry and the economy as a whole. Estimated demand for steel worldwide by region 2019 statista. The history of the modern steel industry began in the late 1850s. Trend in steel exports and imports in million tonnes chart 9. In our april short range outlook, we forecast that in 2019 and 2020 global steel demand was expected to continue to grow, but growth rates would moderate in tandem with a slowing global economy. In 2016, steel companies provided each employee with 7. Egypt steel industry is mainly dominated by long steel producers. Development of the egyptian iron and steel industry using. This study is prepared to analyze the market forces affecting the flat steel industry during the period from 20 till 2017 in egypt. Because of the industrial growth and other important developments happening all over the world the so rapid rise in demand of the steel is observed in this sector. Large reservoirs of natural gas are found primarily in the middle east and eurasia, while coal mines are.

After regaining confidence in the construction materials sector, egyptian banks announced the provision of egp 1. Industry research i steel industry update august 2019 6 chart 8. A brief history of the indian iron and steel industry. Production steel of aisu members representing about 85% of the total steel production in the arab countries. A systematic approach brings effective results in 2016, about 97.

The steel market in egypt is a very wide market with many companies and a wide variety of products. Structural steel market size exceeded usd 285 billion, globally in 2019 and is estimated to grow at over 7. World crude steel production developments in 2016 and 2017. Steel is an important material used in shipbuilding and car manufacturing, as well as building construction and infrastructure development.

Industry research i steel industry update august 2019 5 while global steel prices remained subdued during januaryjune 2019, international iron ore prices spiked during this period. Bearing steel industry report 2018 egypt business directory. Pursuing worldleading technologies and manufacturing capabilities. The sector has been undergoing a period of growth guided by the sustainable development strategy sds. In the long run, steel scrap, shale gas as a cheaper source of fuel, stricter environmental. A comprehensive overview of the construction industry in egypt find real estate agencies and suppliers, as well as the latest industry news. Prices jumped from le 9,000 per ton of rebar steel in may to currently reach le 12,500, zeiny says. Brief history of indian iron and steel industry 4 the new 46in blooming mill, tisco with outstanding success. Egypt vision 2030 launched in 2015 and the industry and trade development strategy 20162020 launched in 2016. Development of the egyptian iron and steel industry using process. Over the short and medium term, important headwinds include the increase in trade actions, the rising number of new. Industryrelated greenhouse gas ghg emissions have continued to increase and are higher than ghg emissions from other enduse sectors high confidence. The availability and abundance of these inputs are not a major concern to the steel industry.

Share, market size, demand, growth, analysis and forecast robert jackson 21. Steel360 compiled insights which could help in determining what can be expected from steel industry in 2019. The production of steel in egypt depends heavily on rebar that is an important input to the construction industry in egypt increasing imports from turkey and china. The outbreak of world war ii put a heavy burden on. Egyptian steel group is a preferred, trusted supplier of steel for most of the major projects in the local construction market. This case study is guidance for the market forces in one of the important industries.