AT A GLANCE: Ezz Steel Jan-Sep 2019 earnings down on low steel prices

A summary of the financial results for Egypt’s biggest steelmaking group, Ezz Steel, for the first nine months of of 2019, between January 1 and September 30.

In brief Earnings were down due to “the total collapse in prices of finished steel products in both domestic and international markets, the excessive spike in iron ore prices, the erratic availability of iron ore direct-reduction pellets, the unsustainable cost of natural gas and...

Published

Serife Durmus

January 08, 2020

14:15 GMT

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