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22 Dec
12:29

Egyptian steel consumption returns to 2009 peak

Egyptian finished steel consumption is set to reach 10.1 million tonnes in 2015, a return to the peak level achieved in 2009, according to Ezz Steel marketing director George Matta. It is then forecast to grow at an annual average of 8.2% to 15.6mt in 2020. This growth will be fuelled by projects such as Egypt’s new capital city to the east of Cairo and residential centres in New Cairo. The construction of 13 power plants and the establishment of a connect…
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