26
Jul
11:46
Ezz Steel faces largest challenge in Q3: bank
The third quarter should be the most challenging for Ezz Steel so far in 2016, according to Egyptian investment bank Prime Holding. This may happen as natural gas (NG) supply is redirected to meet household electricity consumption which peaks in the summer.
Ezz Steel’s margins are therefore seen coming under further pressure in Q3, unless it can import low-priced semi-finished products. “As the company will most probably repeat what happened last yea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous