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10 Dec
11:24

Ezz Steel anticipates trade measures after loss deepens

Ezz Steel says it expects Egyptian authorities to take measures to alleviate the “…unfair and adverse” circumstances affecting business. This comes after steel prices fell constantly in the third quarter due to protectionism is many regions and the “…surge” of imported material into Egypt, Kallanish learns from the steelmaker. Revenue nevertheless rose 4% on-year in Q3 to EGP 11.95 billion ($667.2 million), but net loss deep…
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