11
Sep
01:00
New DRI plant, cheap iron ore to boost Ezz Steel margins: bank
Ezz Steel’s plans to replicate its flagship plant Ezz Dekheila (EZDK)’s direct reduced iron integrated model at its other steelmaking subsidiaries should improve its margins significantly by 2015, according to investment bank EFG-Hermes.
Alexandria-based EZDK is Ezz Steel’s main source of cost advantage over local and imported rebar as it possesses captive DRI capacity of 3 million tonnes/year that feeds its electric arc furnaces. This mode…
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Anonymous
Very good overview of the weekly steel market.
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