Ezz Steel Q1 2021 earnings up on higher flat steel sales

• Friday, June 18, 2021
• Source:ferro-alloys.com

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[Ferro-Alloys.com] 

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

 

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...“

 

Source: Fastmarket

 

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