04
Mar
10:14
Record exports elevate Ezz earnings, foresees improved consumption
Egypt’s Ezz Steel reported significant growth in 2021 earnings with the help of higher steel prices and record exports, Kallanish understands. An increase in domestic rebar consumption and flat steel exports stimulated the growth and is expected to continue in 2022.
Consolidated 2021 revenue increased 75% on-year to EGP 67.8 billion ($4.3 billion) and the firm turned to a net profit of EGP 5.4 billion against a loss of EGP 4.68 billion in 2020, it indicates …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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