18
Oct
08:12
Ezz Steel boosts exports, narrows loss
Ezz Steel saw significant growth in first-half-of-2023 earnings due to increased exports for long products and hot rolled coil. Consolidated revenue surged 62% on-year to EGP 62.26 billion ($2.01 billion).
Ezz registered a second-quarter consolidated revenue increase of 23.6% on-quarter to EGP 34.41 billion, while its exports surged 78.6% on-quarter to $509 million from $285m in Q1. The firm made a Q2 net profit of EGP 1.68 billion, following a Q1 l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous