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Egypt’s Ezz Steel reports EGP 835.6 million net loss in 2014

Egypt’s biggest steel manufacturer, Ezz Steel posted a net loss of EGP 835.6 million (USD 109.8 million) for the fiscal year ended on December 31st 2014, compared to a net profit of EGP 527.9 million a year earlier. Meanwhile, sales ...

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Egypt’s Ezz Steel agrees $236 mln facility to restructure debt

Ezz Steel, Egypt’s largest steelmaker, has signed a long-term financing agreement with two banks w0orth 1.7 billion Egyptian pounds ($236 million) to help it restructure its debt. The loan will be repaid in quarterly instalments over seven years starting in ...

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Egyptian EZZ steel leaves rebar prices flat for September

The Egyptian steelmaker has announced to leave its rebar prices unchanged for September amid stable demand It’s learned that Ezz Steel decided to hold its rebar prices at EGP5,000/ton for September. The above prices include 8% VAT. Source – yieh Zhejiang ...

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