El-Zeiny: Ezz and other market players increase consumer steel prices to EGP7,000/tonne
Ahmed El-Zeiny, head of the building materials division at Cairo Chamber of Commerce, has announced that steel prices increased to a consumer price of EGP7,000/tonne. He noted that the increase in market price was driven by large steel companies such as Ezz Steel [ESRS.CA]. He also added that the recent steel price increase could have a negative impact on the construction and real-estate sectors in Egypt. (Al Alam Al Youm) Ezz Steel: EGP7.21 as of 09 October 2016, Rating: Buy, FV: EGP12.00 per share, MCap: USD441mn, ESRS EY / ESRS.CA
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.