07
Jun
01:00
Stronger Egypt steel demand, fewer imports to improve Ezz Steel sales, prices: bank
Increased steel demand in Egypt should help deplete Ezz Steel’s inventory, built up over 2014, and eventually lead to some price stability, according to investment bank EFG Hermes. This is especially since foreign exchange (FX) constraints and anti-dumping duties have hindered importers’ ability to compete with local producers.
Egypt’s local market has begun to see “significant” improvement, with sales reaching 2.1 million tonne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous