09
Oct
01:00
Ezz Steel set for weak 2014 due to gas shortages, reduced output: bank
Ezz Steel is likely to see its profitability shrink further following the Egyptian government’s decision to raise energy prices, while its direct reduced iron plants will continue to operate at low capacity, according to Blominvest Bank. Gas shortages and dwindling production are seen resulting in a weak financial performance for Ezz in 2014.
Ezz Steel’s first-half output fell 3.1% year-on-year to 4.04 million tonnes. This was due to the shortage…
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Anonymous
Very good overview of the weekly steel market.
Anonymous