06
Jan
15:44
Ezz eyes gas price relief after third-quarter loss
Ezz Steel says it reported a net loss in the third quarter of 2019 due to collapsing steel prices, erratic DR-grade iron ore pellet availability, and "...unsustainable" natural gas and electricity costs in Egypt. Moreover, operations were hampered by safeguard measures in other parts of the world but not yet applied in Egypt.
The steelmaker expects gradual relief from these adverse circumstances. Natural gas price and interest rates, especially, are bein…
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Anonymous
Very good overview of the weekly steel market.
Anonymous