11
Oct
13:19
Tight margins blight Ezz Steel's second-quarter performance
Ezz Steel’s second-quarter performance was hampered by falling steel prices and rising iron ore pellet costs, exacerbated by “…exceptionally high” costs of funding and energy in Egypt, the steelmaker says.
Ezz’s net sales in Q2 rose 3% on-year to EGP 13.28 billion ($815.8 million), but net loss attributable to owners deepened three-fold to EGP 1.02 billion.
In the first half of 2019 consolidated shipments rose 8% on-year to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous