10
Nov
11:18
Ezz Steel to see 'turnaround' in early 2016
EFG Hermes expects Ezz Steel’s performance to see a turnaround by end-2015 or in early 2016 as the steelmaker capitalises on lower raw materials prices and a resilient local price environment. This follows “… disappointing” results in the second quarter when Ezz fell short of expectations it would breakeven, the investment bank says.
The bank sees weak flat export prices, which fell -17% versus Q1, as being the main driver behind the wea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous