30
Dec
13:05
Ezz Steel nine-month deliveries fall 10%
Ezz Steel is counting on a “… significant” contribution from its newly-commissioned 1.9 million tonnes/year direct reduced iron plant in Suez, the Egyptian steelmaker says. This comes after sales declined -10% on-year in January-September to 2.9 million tonnes due mainly to electricity and gas supply disruptions.
Reduced cost of sales boosted nine-month gross profit 14% to EGP 585.58 million ($74.77m), but net loss after tax deepened 10% to EG…
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Anonymous
Very good overview of the weekly steel market.
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