10
Mar
16:37
Egypt gas tariff reduction to boost DRI output
Egypt’s reduction of natural gas tariff for the steel industry to $4.5/million BTU from $7/m BTU will lead to increased direct reduced iron production in Egypt and improved margins for its steelmakers. This is according to Egyptian metallurgy chamber general manager Mohamed Hanafy.
The move follows 18 months of calls for a reduction by Egyptian steelmakers after the previous gas increase in July 2014 to $7/m BTU from $3/m BTU left many struggling to compet…
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Anonymous
Very good overview of the weekly steel market.
Anonymous