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According to Egyptian steel producer Elmarakby Steel on July 27, KR R/D63 steel Egypt's total crude steel production in the first half of 2025 fell 4.6% year-on-year to 4.98 million tons, primarily due to a decline in both rebar consumption and production. According to data from the General Authority for Export and Import Control (GOEIC), an arm of the Egyptian Ministry of Trade, rebar production in the first half of the year was 3.9 million tons, a year-on-year decrease of 7.1%, while rebar consumption fell 3% to 3 million tons during the same period.
Faced with declining capacity utilization and cost pressures, Elmarakby Steel has signed a technology upgrade contract with SMS Group.KR R/D63 steel The upgrade aims to expand its product range and improve production efficiency through equipment modifications. The upgrade will increase Elmarakby's annual production capacity from the current 400,000 tons to 460,000 tons, encompassing both rebar and wire rod products.
In the regional market, Turkish rebar export prices were quoted at $535/ton FOB on July 29th, remaining stable on a daily basis. KR R/D63 steel Despite pressure on steel demand in some Middle Eastern and North African countries, companies are actively responding to the market adjustment cycle by expanding their product mix and reducing costs and increasing efficiency.
