Egypt’s Ezz Steel is set to submit an objection to the European Commission regarding the methodology used to calculate provisional anti-dumping duties on its products.

Ezz Steel recorded a block-trading deal at a value of EGP 44.571 billion

Ezz Steel Company’s board of directors decided to buy shares from objecting shareholders and those unwilling to continue owning shares in the company following its voluntary delisting for EGP 138.15 per share.

Ezz Steel (ESRS) has secured a loan from Emirates NBD Bank to finance the delisting process from the Egyptian Stock Exchange (EGX)

Ezz Steel (ESRS) recorded EGP 1.563 billion in consolidated net profits attributable to the parent company in the first half (H1) of 2024, versus net losses of EGP 643.286 million in 2023.

Act Financial has increased its stake in Ezz Steel to 1.305% from 1.235%.

Ezz Steel (ESRS) has incurred EGP 113.036 million in consolidated net losses attributable to owners of the holding company in 2023, versus net profits amounting to EGP 4.252 billion in 2022, according to financial statements filed to the Egyptian Exchange (EGX) on April 15th.

Ezz Steel has reduced iron prices in Egypt by EGP 7,020 per ton, starting February 27th.

Ezz Steel (ESRS) incurred consolidated net losses attributable to the parent company during the first nine months of 2023 of EGP 1.152 billion, versus net profits of EGP 3.681 billion during the same period a year earlier.

Ezz Steel is an Egypt-based manufacturer and trader of steel and related products. Together with its subsidiaries, the company is engaged in the manufacture, trade, and distribution of iron and steel products of all kinds and associated services.

Ezz Steel (ESRS) incurred consolidated net losses attributable to the parent company of EGP 1.660 billion in the first quarter (Q1) of 2023, compared to net profits of EGP 758.854 million over the same quarter of 2022.

Ezz Steel (ESRS) has denied submitting any offer to purchase any additional stakes in Al Ezz Dekheila Steel Co – Alexandria (EZDK).

Veolia’s mobile water treatment units allowed EZZ Steel to secure 100% of their water production with lower chloride and total dissolved solids rates, making the water flow into their cooling system.

The state-owned National Investment Bank (NIB) and National Bank of Egypt (NBE) own 14% of Al Ezz Dekheila Steel’s shares, while Ezz Steel holds a 64% stake in the company, with the rest of the shares are being traded on in the EGX.

Ezz Steel (ESRS) announced that it has not submitted any offer to purchase the government's stake in its subsidiary Al Ezz Dekheila Steel Co – Alexandria (EZDK).

Ezz Steel is an Egypt-based manufacturer and trader of steel and related products. Together with its subsidiaries, the company is engaged in the manufacture, trade, and distribution of iron and steel products of all kinds and associated services.