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16 Dec
12:57

Devalued pound seen boosting Egyptian steel demand

Despite short-term uncertainties, the outlook for Egyptian steel demand is positive as the devalued pound should improve tourism, manufacturing exports and cost competitiveness, according to Ezz Steel marketing manager George Matta. Major infrastructure investment projects are also underway. Algeria is seen continuing to struggle in 2017 amid ongoing budget cuts, weak consumer expenditure and limited private sector investment. Higher energy prices could bring a …
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