08
May
14:37
Egypt to rule on gas price reduction
The Egyptian government is expected to decide this week whether to approve or reject the draft law on reducing the natural gas price for steelmakers to $4.5/million BTU from $7/m BTU, according to the Egyptian metallurgy chamber.
The proposal to reduce prices was made in early March following 18 months of lobbying by Egyptian steel mills who have struggled to compete against imports, but has not yet been implemented. “All the ministers told us they were to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous