31
Mar
12:30
Ezz Steel sees better margins after loss narrows
Ezz Steel foresees improved margins in 2016 thanks to the reduced need to import scrap following the recent commissioning of its new direct reduced iron plant, and due also to cheaper gas availability.
The Egyptian steelmaker reported a -10% on-year decline in steel shipments in 2015 to 3.8 million tonnes. Long product sales fell -8% to 3.44mt, as Ezz decided to maintain its market share despite weaker pricing. Flats deliveries, concentrated at flagship plant Ez…
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Anonymous
Very good overview of the weekly steel market.
Anonymous