El Marakby Steel exports more than 40,000t of wire rod on decreasing local demand

Egyptian long steel producer El Marakby Steel exported more than 40,000 tonnes of wire rod to four continents in the first six months of 2021, Ramy Saleh, the company’s chief business development officer, told Fastmarkets on Wednesday June 23.

The company’s new wire rod mill started production at the end of 2020.
“We realized the new ground reality concerning rebar - that consumption in Egypt is declining and there’s a significant and serious imbalance between supply and demand - early enough to plan and execute adding exceptional quality wire rod products to our portfolio,” Saleh said.

“The...

Published

Serife Durmus

June 23, 2021

11:44 GMT

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