Ezz Steel increases ex-factory prices by EGP340 to EGP9,100 per tonne
Ezz Steel [ESRS.CA] has increased its steel ex-factory prices by cEGP340/tonne to reach EGP9,100/tonne as of 12 July 2017. It is worth mentioning that the ex-factory prices are exclusive of the 14% value-added tax (VAT).
Ezz Steel: EGP20.91 as of 11 Jul 2017, Rating: Buy, TP: EGP27.50/share, MCap: USD635mn, ESRS EY/ESRS.CA
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