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03 Jun
01:00

DRI plant launch to boost Ezz performance after shipment decline in 2014

The commissioning by year-end of Ezz Steel’s new 1.85 million tonnes/year direct reduced iron plant will make a “significant contribution” to future performance, the Egyptian steelmaker says. Ezz reported a -9% on-year decline in consolidated shipments to 4.3 million tonnes in 2014, as it suffered from “continued deterioration” in the global steel sector and “detrimental” conditions at home. Long product sales in 201…
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