Arab Finance: Egyptian Iron and Steel Company (IRON), which is under liquidation, reported a liquidation surplus of EGP 210.089 million for the six months ended June 30, 2026, compared with EGP 798.792 million reported at the end of December 2025, as per a disclosure.

The company’s financial statements showed total revenue of EGP 247 million during the first half (H1) of 2026.

Earlier financial indicators for the period from June 1st to December 31st, 2021, showed a net loss of EGP 733.956 million, compared with EGP 590.306 million in the corresponding period a year earlier.

Established in 1954, the Egyptian joint-stock company operated under the Public Business Sector Law and was one of the country’s largest iron and steel producers, with an annual production capacity of 1.2 million metric tons.

Before liquidation, its activities focused on manufacturing iron and steel products to meet technical specifications and serve domestic and international markets, with an emphasis on quality and minimizing production costs.