{"id":670640,"date":"2025-08-24T00:00:00","date_gmt":"2025-08-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/could-we-see-egyptian-iron-and-steel-company-make-its-return\/"},"modified":"2025-08-24T00:00:00","modified_gmt":"2025-08-24T00:00:00","slug":"could-we-see-egyptian-iron-and-steel-company-make-its-return","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/could-we-see-egyptian-iron-and-steel-company-make-its-return\/","title":{"rendered":"Could we see Egyptian Iron and Steel Company make its return?"},"content":{"rendered":"

The Egyptian Iron and Steel Company\u2019s dormant factories in Helwan could <\/strong>soon <\/strong>spring back into action<\/strong>, with the government studying a plan to restart some units of the complex more than five years after it was placed into liquidation, according to an Industry Ministry statement<\/a>. No timeline or figures for the potential cost of rehabilitation were provided.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The partial reopening will focus on producing steel slabs<\/strong>, which will use locally sourced iron ore. The remaining land could be used to establish a textile factory, among other alternatives, the statement suggested.<\/p>\n

If you didn\u2019t know, the Egyptian Iron and Steel Company was once a big player on the <\/strong>EGX30<\/strong>, placing it amongst the most liquid and active companies on the exchange. After its founding by the state two years after the 1952 Revolution, the company grew to become an important part of the country\u2019s manufacturing base before outdated technology, rising costs, and competition led to accumulated losses that numerous initiatives to save the company failed to address. The long-struggling public sector giant was taken out of the benchmark index in January 2020<\/a> and then completely exited the bourse after the firm was liquidated the following year.<\/p>\n

The Industry Ministry is also keen to restart production at other idle factories<\/strong>, including the Delta Fertilizers Company, which has been inoperative for more than five years and is about to undergo the first phase of a EUR 510 mn rehabilitation plan, an official from the Public Enterprises Ministry previously told EnterpriseAM<\/a>. The statement also mentioned Samnoud Textiles \u2014 which had recently seen its workers go on strike<\/a> over the company\u2019s refusal to pay the government-mandated minimum wage \u2014 as part of the plan. <\/p>\n

The state\u2019s push to restart production at idle factories has already seen some progress<\/strong>, with state-owned El Nasr Automotive officially restarting operations<\/a> in November after a 15-year hiatus and delivering its first batch of electric 49-passenger buses in partnership with China\u2019s Yutong to Transport Ministry-affiliated companies. Operations were also restarted a<\/a>t El Nasr Castings<\/a> late last year after an agreement was inked between the company and the workers\u2019 union to commit the company to fund operations, material inputs, and employee salaries and incentives from the sale of unused assets. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Iron and Steel Company was once a big player on the EGX30, before falling into liquidation<\/p>\n","protected":false},"author":1,"featured_media":670641,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[1961,72,12200,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-670640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-egyptian-iron-and-steel","tag-enterpriseam","tag-localization","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"bea05249-56e9-4d0f-a23e-b812dbb442cb","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1389.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Industry Ministry studies partial Egyptian Iron and Steel Company reopening","related_issue":[670632],"teaser":"The Egyptian Iron and Steel Company was once a big player on the EGX30, before falling into liquidation","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.876a56c7-716a-4019-a8d9-8b436e5af684.mp3"},"yoast_head":"\nCould we see Egyptian Iron and Steel Company make its return? 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Work will be halted until a settlement agreement is reached on compensation with the company\u2019s employees, the source added.The latest on the liquidation process:\u2026","rel":"","context":"In "DEMERGER WATCH"","block_context":{"text":"DEMERGER WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/demerger-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/27.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566578,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/a-last-ditch-effort-to-save-egyptian-iron-and-steel\/","url_meta":{"origin":670640,"position":2},"title":"A last-ditch effort to save Egyptian Iron and Steel?","author":"enterpriseam admin","date":"28 June 2021","format":false,"excerpt":"Ukraine\u2019s Vazhmash is serious about saving Egyptian Iron and Steel: Ukraine-based industrial player Vazhmash has fielded a \u201cserious\u201d offer to step in and revive defunct state-owned Egyptian Iron and Steel, Khaled El Feky \u2014 a board member at Egyptian Iron and Steel parent company the Metallurgical Industries Holding Company (MIHC)\u2026","rel":"","context":"In "SPEED ROUND: PUBLIC ENTERPRISES"","block_context":{"text":"SPEED ROUND: PUBLIC ENTERPRISES","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-public-enterprises\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/603.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566125,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/iron-and-steel-mining-spinoff-begins-trading-on-the-egx\/","url_meta":{"origin":670640,"position":3},"title":"Iron and Steel mining spinoff begins trading on the EGX","author":"enterpriseam admin","date":"30 May 2021","format":false,"excerpt":"Shares of state-owned Egyptian Iron and Steel\u2019s mining spinoff started trading this morning, the exchange said. The spinout, inventively named Iron and Steel Mines and Quarries, listed c. 978 mn shares after it received the all-clear from the EGX\u2019s securities registration committee last week. Its shares are now trading separately\u2026","rel":"","context":"In "SPEED ROUND: CAPITAL MARKETS"","block_context":{"text":"SPEED ROUND: CAPITAL MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563193,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/22\/private-sector-could-bid-for-some-of-egyptian-iron-and-steels-land-bank\/","url_meta":{"origin":670640,"position":4},"title":"Private sector could bid for some of Egyptian Iron and Steel\u2019s land bank","author":"enterpriseam admin","date":"22 June 2021","format":false,"excerpt":"Private sector companies will have the chance to bid for some of Egyptian Iron and Steel\u2019s land bank as the government continues the process of liquidating the state-owned company, Deputy Housing Minister Khaled Abbas tells Al Mal. The New Urban Communities Authority has been put in charge of preparing the\u2026","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/280.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559249,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/14\/egyptian-iron-and-steels-new-mining-company-to-begin-trading-on-egx-in-2-months\/","url_meta":{"origin":670640,"position":5},"title":"Egyptian Iron and Steel\u2019s new mining company to begin trading on EGX in 2 months","author":"enterpriseam admin","date":"14 January 2021","format":false,"excerpt":"State-owned Egyptian Iron and Steel is being liquidated in a process that will take up to two years, the company said in a disclosure (pdf) yesterday. The perennial lossmaker will have to sell off 6 mn sqm of its land assets to be able to pay off its EGP 9\u2026","rel":"","context":"In "DEMERGER WATCH"","block_context":{"text":"DEMERGER WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/demerger-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/670640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=670640"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/670640\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/670632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/670641"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=670640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=670640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=670640"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=670640"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=670640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}