07
Oct
16:18
FX, gas improvement seen boosting Ezz in 2017
Ezz Steel’s third-quarter financial results will be weak, but improved natural gas (NG) supply and easing foreign currency (FX) shortage in Egypt will boost the steelmaker in 2017, according to Egyptian investment bank Prime Holding.
In Q4 this year reduced household electricity consumption will provide more gas availability for industry, supporting Ezz’s performance.
The bank has revised its exchange rate forecast to EGP 11.5 per US dol…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous