18
Feb
00:00
Gas issues remain but Ezz Steel's raw mats stock to limit dollar shortage impact: bank
Natural gas supply restrictions will continue to impact Ezz Steel in 2015. This is despite attempts by Egypt to increase gas availability, but the firm’s substantial raw materials inventory will limit any damage caused by a scarcity of dollar reserves, according to investment bank EFG Hermes.
Ezz Steel reported a third-quarter-2014 loss of EGP 285 million ($37.35m), missing the bank’s estimate of EGP 232m. This is because gas supply disruptions h…
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Anonymous
Very good overview of the weekly steel market.
Anonymous