Ezz Steel increases consumer steel prices to EGP10,575/tonne
Ezz Steel [ESRS.CA] has increased consumer steel prices by EGP575/tonne to reach EGP10,575/tonne, according to Al Borsa. Samir Noman, Head of Sales at Ezz Steel, attributed the price increase to a further decline in EGP against the USD in the official market. (Al Borsa) Ezz Steel: EGP17.28 as of 22 Dec 2016, Rating: Buy, TP: EGP15.00/share, MCap: USD501mn, ESRS EY / ESRS.CA
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