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13 Feb

Egypt’s currency crisis boosts exports

Egypt’s currency crisis has encouraged more local producers to eye exports, a situation which could sustain in the near term, market participants inform Kallanish. “Egypt’s longs exports increased significantly in comparison to previous years. This [current tonnages] is the highest Egypt has exported in longs,” a market participant says. “The currency situation is Egypt’s main export driver and it seems this will continue throug…
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