Ezz Steel increases consumer steel price by EGP485/tonne to EGP10,000/tonne
Ezz Steel [ESRS.CA] has increased its consumer steel price by EGP485/tonne to EGP10,000/tonne, according to Al Borsa. The company attributed the price increase to the continuous decline of the EGP against USD post flotation. (Al Borsa) Ezz Steel: EGP13.50 as of 15 December 2016, Rating: Buy, TP: EGP15.00 per share, MCap: USD401 million, ESRS EY / ESRS.CA
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