26
Jan
08:11
Ezz Steel revenue seen up 20% in 2016
Ezz Steel’s consolidated revenue should rise to EGP 23.12 billion ($2.95 billion) in 2016. This is thanks to its new Ain Sokhna-based direct reduced iron plant, strong domestic demand and restricted imports into Egypt, according to investment bank Prime Holding. The company’s estimated 2015 revenue is EGP 19.24 billion.
Ebitda in 2016 is seen at EGP 1.54 billion versus only EGP 567 million in 2015. However, the firm is expected to continue recording …
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Anonymous
Very good overview of the weekly steel market.
Anonymous