21
Jul
13:44
Promising Q1 not seen hastening Ezz Steel recovery
EFG Hermes believes Ezz Steel’s recovery will still occur only in 2017 despite better-than-expected financial results in the first quarter of 2016.
Egyptian rebar demand was “… exceptionally” strong in Q1 at 2 million tonnes, up 26% on-quarter and flat on-year. However, demand weakened in Q2 as the market adjusted to sudden price movements, in the local and international markets, as well as due to Ramadan, the investment bank says in a n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous