21
May
11:02
Ezz Steel posts record revenue but loss deepens
Ezz Steel has reiterated its expectation that Egyptian authorities will implement measures in response to rising global trade barriers, as well as provide a more accommodating economic policy. This comes after the steelmaker posted record production and revenue in 2018.
Shipments were flat on-year in 2018 at 4.5 million tonnes. Long product sales fell -6% to 3.3mt due to contraction in both local and export markets. Longs revenue nevertheless grew 11% due to hig…
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Anonymous
Very good overview of the weekly steel market.
Anonymous