Ezz Steel

In addition to its own production, Ezz Steel owns, or holds majority shares in a number of subsidiaries.

Ezz Steel holds a majority stake in Al Ezz Dekheila Steel Co. – Alexandria ({{langx|ar|العز الدخيلة للصلب – الاسكندرية}}). It was originally established in 1986 as the Alexandria National Iron and Steel Company (ANSDK) in 1982 by Egyptian public-sector institutions, Japanese institutions and global financial institutions,{{Cite web |last=Steel |first=Ezz |title=Al Ezz Dekheila Steel Co. – Alexandria S.A.E (EZDK) |url=https://www.ezzsteel.com/investor-relations/al-ezz-dekheila-steel-co-alexandria-s-a-e-ezdk |access-date=2023-04-14 |website=Ezz Steel |language=en}} led by industrialist and former Minister of Industry, Ibrahim Salem Mohammedin, who also served as its chairman from 1982 until 2000.{{cite news |last=Diab |first=Ahmed Hamid |date=13 November 2018 |title=وفاة إبراهيم سالم محمدين وزير الصناعة الأسبق عن عمر 97 عاما |work=elwatannews.com |url=https://www.elwatannews.com/news/details/3794094 |url-status=live |accessdate=2018-12-02 |archiveurl=https://web.archive.org/web/20181116043405/https://www.elwatannews.com/news/details/3794094 |archivedate=2018-11-16}} In 1995 it was listed on the EGX under the ticker IRAX,{{Cite web |title=Al-Ezz Dekheila Steel Co. – Alexandria |url=https://english.mubasher.info/markets/EGX/stocks/IRAX/profile |access-date=2023-04-14 |website=english.mubasher.info}} while Ezz Steel started buying stakes in the company in 1999.

As of March 2023, Ezz Steel held 64% of the company, while the Egyptian government held over 22% through a number of state owned enterprises led by the National Investment Bank and the National Bank of Egypt.{{Cite web |title=EL Ezz Aldekhela Steel – Alexandria (IRAX.CA) – Disclosure Form |url=https://english.mubasher.info/news/4103662/EL-Ezz-Aldekhela-Steel-Alexandria-IRAX-CA-Disclosure-Form/ |access-date=2023-04-14 |website=english.mubasher.info |language=en}}

Ezz Steel indirectly owns 18% of the Egyptian Steel Group (مجموعة حديد المصريين), through Al Ezz Al Dekheila Steel since 2021. Egyptian Steel is a holding company based in Egypt, co-founded by industrial and media tycoon, and senator, Ahmed Abu Hashima in 2010 when he was 35 years old,{{Cite web |last=Nsehe |first=Mfonobong |title=5 Egyptian Multi-Millionaires You Should Know |url=https://www.forbes.com/sites/mfonobongnsehe/2017/06/14/5-egyptian-multi-millionaires-you-should-know/ |access-date=2023-04-13 |website=Forbes |language=en}} along with Qatari royal, Shiekh Mohamed Abou Suhaim Al Thani, who was reported to hold 70% of the company.{{Cite web |date=21 December 2017 |title=Looking into the latest acquisition of Egyptian media companies by general intelligence |url=https://www.madamasr.com/en/2017/12/21/feature/politics/looking-into-the-latest-acquisition-of-egyptian-media-companies-by-general-intelligence/ |website=Mada Masr}} It manufactures 1.68 million tons of reinforced steel rebars and wire rods per year,{{Cite web |title=Egyptian Steel |url=https://egyptian-steel.com/en/the-group/ |access-date=2023-04-13 |website=egyptian-steel.com}} giving it a 16% market share of the 9.8 million tons produced in 2022.{{Cite web |title=Egypt emerges as top steel producer in Africa, 2nd in MENA – Economy – Business |url=https://english.ahram.org.eg/News/493091.aspx |access-date=2023-04-13 |website=Ahram Online}}

As a holding company it owns National Port Said Steel (NPSS), and IIC for Steel Plants Management which run four plants in Beni Suef, Ain Sokhna, Alexandria, and Port Said. In 2018, the Egyptian Armed Forces' National Services Project Organization (NSPO) bought an 82% stake in the company giving it effective control, and the ability to "ensure the stability of supply and prices, prevent monopolies in strategic sectors and goods, and support the work of the military institution in mega-projects."{{Cite web |date=14 December 2021 |title=Ezz Steel to buy Abu Hashima’s Egyptian Steel shares |url=https://www.madamasr.com/en/2021/12/14/news/u/ezz-steel-to-buy-abu-hashimas-egyptian-steel-shares/ |website=Mada Masr}} Three years later, Al Ezz Al Dekheila Steel bought out Abu Hashima's remaining 18% stake,{{Cite web |date=13 December 2021 |title=Egypt's largest steel producer acquires 18% of Egyptian Steel at $160m |url=https://arab.news/58zfc |access-date=2023-04-13 |website=Arab News |language=en}} ending his involvement with the company, and establishing a partnership between Ezz and the military.

Ezz Steel holds a 64% direct and indirect stake in Al-Ezz Flat Steel Company (EFS) in Suez and a 99% of Al-Ezz Rolling Mills Company (ERM) in 10th of Ramadan City."[http://www.ezzindustries.com/main.asp?pageID=14 ABOUT US]." Ezz Steel. Retrieved on 7 May 2013.

Ezz Steel operates four steel plants in Alexandria, Sadat City, Suez, and 10th of Ramadan City.

Ezz Steel is ranked 87th of the world biggest steel producers as per the 2015 World Steel Association Ranking with total production capacity of 3.2 million tons per year (2015), representing more than half of Egypt total annual production of 6 million tons.{{Citation needed|date=April 2023}}

Ahmed Ezz was the chairman and managing director of EZDK, As he submitted his resignation in 2011 after 25 January Revolution. Mr Farouk Zaki Ibrahim is the current Chairman of EZDK. Paul Chekaiban is the current chairman and managing director of Ezz Steel.{{Citation needed|date=April 2023}}

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• List of steel producers

{{reflist}}

• [http://www.ezzindustries.com Ezz Industries Website]
• [http://www.arabsteel.info Arab Steel Website]
• [http://www.mesteel.com Middle East Steel Website]
• [http://www.worldsteel.org World Steel Institute Website]

Category:Steel companies of Egypt

Category:Manufacturing companies based in Cairo

Category:Egyptian brands

Category:Companies in the EGX 30