04
Oct
15:59
Egypt demand recovers but gas remains issue: bank
Egyptian rebar demand has recovered following a weak second quarter, rising 15% on-year and 35% on-quarter in Q3, but the delayed natural gas price reduction for steelmakers is unlikely to materialise, according to EFG Hermes.
Natural gas pricing and foreign exchange (FX) availability remain “…pivotal” factors to the performance of Egyptian steelmakers, the investment bank says in a note seen by Kallanish.
“We remain sceptical that [&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous