29
Nov
13:06
Ezz Steel seen needing 'drastic measures' for recovery
Ezz Steel will record sales of EGP 18.46 billion ($2.4 billion) and a loss of EGP 763 million in 2015 due to low international steel prices, continuing gas shortages, and restricted access to foreign currency. So says Blominvest Bank.
This would compare to sales of EGP 19.4 billion in 2014 and a net loss of EGP 697m. “We don’t see the recovery of the company’s operational performance in the near term, or at least without some drastic measures t…
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Anonymous
Very good overview of the weekly steel market.
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