05
Nov
08:16
Ezz plans DRI plant launch in Q4
Ezz Steel expects to commence during the fourth quarter operations at its new Suez-based direct reduced iron plant, which is seen boosting overall performance. This comes after the firm’s output and sales were hit in the first half of 2015 by slowing global steel use, as well as gas and foreign currency shortages.
Long product sales in H1 fell -3% on-year to 1.78 million tonnes, while their value of EGP 7.5 billion ($933 million) accounted for 81% of overa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous