Metallurgical Industries Holding recovers idle Delta Steel furnace from defaulting tenant; reactivation needed
القابضة للصناعات المعدنية تسترد فرن الدلتا للصلب المتوقف منذ نحو 3 سنوات
The state holding company has taken Delta Steel's furnace back after a lease dispute worth close to EGP 2bn, and a board member says the asset needs serious intervention before it can restart. If the furnace is re-leased or restarted it becomes a new scrap buyer. Scrap suppliers and investors interested in leasing it should contact MIH early.
| Lead type | Project signal |
|---|---|
| Status | Live signal |
| Country | Egypt |
| Organisation | Delta Steel Company (Metallurgical Industries Holding Company) |
| Materials (as described) | Leased steelmaking furnace, idle about 3 years; former tenant used scrap and electricity on top of ~USD 15.5m/yr rent |
| Quantity | n/d |
| Price / value | n/d |
| Announced | 10 Oct 2026 |
Materials المواد
- HMS 1&2 (heavy melting steel) حديد خردة ثقيل HMS (main)
- Shredded steel scrap حديد خردة مفروم
What to do الخطوة التالية
A future buyer or scrap source. Register as a supplier or offtaker now, before contracts are placed.
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Values marked n/d were not stated in the source. We don't publish personal phone numbers or emails.