Ezz Steel results show stronger focus on longs, domestic sales
Feb 01, 2012 | 12:30 PM
Ezz Steel’s sales over the first nine months of last year show significant changes in both domestic and export demand, as well as the company’s shift towards longs production.
The Cairo-based company reported consolidated sales of E£14.2 billion ($2.35 billion) for the period in its financial statement – 22% higher than the E£11.64 billion achieved over the corresponding period in 2010.
Total long product sales from Ezz Dekheila Steel (EZDK), as well as its ESR and ERM divisions, made up 73% of revenues at E£10.4 million.
The company sold 2.47 million tonnes of long products over the period, up by 5% from 2.36 million tonnes sold over the equivalent months of....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.