23
Mar
00:00
Egypt gas import deal with Israel seen boosting steel capacity utilisation
The potential import by Egypt of natural gas from Israel could give a huge boost to the utilisation rates of Egyptian steelmakers, whose production is frequently affected by gas shortages and power outages, according to investment bank EFG Hermes.
An Egyptian consortium is reported to have agreed a deal last week to import up to 250,000 million BTUs/day of gas over seven years from Israel’s Tamar gas field. The gas will be transported from Ashkelon to …
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Anonymous
Very good overview of the weekly steel market.
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