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09 Jul
14:59

Imports, iron ore disruptions hit Ezz Steel

Ezz Steel anticipates an improvement in the numerous unfavourable conditions that saw it, despite all expectations to the contrary, register deteriorating financial performance in the first quarter. Consolidated sales rose 4% on-year in Q1 to 1.23 million tonnes. This, despite a weaker export market, was driven by a 5% growth in flat steel shipments to 318,000t thanks to a -13% volume increase in the domestic market. Longs sales rose 4% to 912,000t. Net sales…
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