AT A GLANCE: Ezz Steel Q1 2021 earnings up on higher flat steel sales

A summary of the financial results for Egypt’s biggest steelmaking group, Ezz Steel, for the period from January 1 to March 31, 2021.

In brief
Earnings increased in line with increased production of flat steel, specifically hot-rolled coil, and exports, the company said in a release to London Stock Exchange on Wednesday June 16.

“With respect to flat steel, a significant development has occurred in the local market, where Ezz Steel is one of the most important suppliers: after years of local consumption hovering around 1.2 million tonnes per year, the market has expanded to 1.5 million tpy, backed by increasing demand...

Published

Serife Durmus

June 16, 2021

18:40 GMT

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