26
Sep
15:42
Egyptian Steel procures large scrap tonnage from Hadisolb
Egyptian Steel has signed an agreement to purchase 230,000 tonnes of ferrous scrap from compatriot state-owned steelmaker Egyptian Iron & Steel (Hadisolb), Kallanish learns from the private steelmaker. The deal includes a provision to extend the tonnage to 700,000t in future.
The move is part of the Egyptian government’s initiative to exploit Hadisolb’s unutilised assets in order to generate cash flow and help improve the loss-making st…
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Very good overview of the weekly steel market.
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