9,006.55 TRY BIST 100 BIST 100
34.27 USD USD USD
37.11 EUR EUR EUR
4.84 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
44.62 TRY Interest Interest
72.99 USD Fossil Oil Fossil Oil
33.70 USD Silver Silver
4.35 USD Copper Copper
103.78 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,067.38 TRY Gold (gr) Gold (gr)

Immersive experience: Ezz Steel Company's day at the 16th Arab Steel Summit

The 16th Arab Steel Summit, a significant event for the steel industry in the Arab world, commenced with a highly anticipated visit to the Ezz Steel Company's state-of-the-art facility in Ain Sokhna, Egypt.

Immersive experience: Ezz Steel Company's day at the 16th Arab Steel Summit

The 16th Arab Steel Summit, a significant event for the steel industry in the Arab world, commenced with a highly anticipated visit to the Ezz Steel Company's state-of-the-art facility in Ain Sokhna, Egypt. The summit, which brings together key stakeholders from the steel sector, offers a platform for discussions and networking aimed at enhancing cooperation and addressing common challenges.

Ezz Steel Company, one of Egypt's leading steel manufacturers, opened its doors to an international delegation of industry leaders, government officials, and experts. This visit provided attendees with a unique opportunity to witness firsthand the cutting-edge technologies and practices employed by the company.

The tour of Ezz Steel's Ain Sokhna facility showcased the company's commitment to sustainability and innovation. Participants had the chance to explore the vast steel production plant, which boasts modern equipment and advanced environmental controls. Ezz Steel has made substantial investments in adopting eco-friendly processes, reducing carbon emissions, and ensuring that its operations are in line with global environmental standards.

During this visit, they were provided with a comprehensive insight into the steel production process, starting from the reduction of iron ore in direct reduction factories and its transformation into high-purity iron. The delegates also learned about the intricate rolling, handling, and monitoring procedures involved in the steel manufacturing process. This tour shed light on the various stages, from raw materials and casting to rolling and the final product.

Many noted that Ezz Steel's factories in Ain Sokhna are on par with the highest industry standards in Europe. Ezz Steel operates four integrated factories strategically located near major sea and land transportation routes in Alexandria, Suez, Sadat, and the 10th of Ramadan City.

The company's exports are directed from its Alexandria factories to customers in Europe and the United States via the Mediterranean Sea. Simultaneously, exports to customers in the Middle East and extending to Asia are facilitated through Ezz Steel's Ain Sokhna factories, benefiting from its prime location adjacent to Sokhna Port. In total, Ezz Steel boasts an annual production capacity of 7 million tons, with 4.7 million tons dedicated to wire rod and 2.3 million tons of hot-rolled coil steel. This robust capacity underscores Ezz Steel's position as a leading steel manufacturer in the region.

Mr. Ahmed Ezz, Chairman and CEO of Ezz Steel Company, expressed his gratitude for hosting the delegation and emphasized the importance of regional cooperation in the steel industry. He highlighted the role of the Arab Steel Summit in fostering collaboration and knowledge exchange to drive the sector's growth.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Extensive participation of domestic and foreign companies at the Kish Steel Symposium

Thursday, October 31, 2024

China’s leading steel mills report a decline in profits

Thursday, October 31, 2024

Iranian steel industry faces critical challenges amid rising sponge iron prices

Thursday, October 31, 2024

India maintained its position as a net steel importer in April-September

Thursday, October 31, 2024

Çemtaş Çelik announced its third quarter balance sheets

Thursday, October 31, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now