15
Jun
12:43
Persisting gas issues delay Ezz recovery to 2017
Ezz Steel’s earnings recovery is likely to be delayed until 2017 as the gas price decrease proposed in March by the Egyptian government is yet to materialise. Gas availability also remains lower than expected, according to EFG Hermes.
Despite the recent increase in global steel prices, the investment bank now expects Ezz to continue making losses in 2016, and return to profitability only next year. This is after previously raising in March its 2016 earning…
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Anonymous
Very good overview of the weekly steel market.
Anonymous