06
Jun
11:22
Ezz Steel nears break-even, warns of protectionism
Ezz Steel says its net profit in the coming quarters will hinge on the effect of global protectionism and the resilience of Egypt’s economy to monetary disturbances. This comes after the firm’s sales grew 18% on-year in the first quarter to 1.18 million tonnes, with net loss narrowing 87% to EGP 67 million ($3.75m).
Contrary to 2017 when flat products drove sales growth, longs shipments surged 30% in Q1 to 876,000t. Longs prices in both the domestic …
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Anonymous
Very good overview of the weekly steel market.
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