Ezz Steel reduces consumer steel price by EGP810/tonne to reach EGP8,700/tonne
Ezz Steel [ESRS.CA] has reduced its consumer steel price by EGP810/tonne to reach EGP8,700/tonne, according to Al Mal. The company attributed the price decrease to the slight decline in the official USD to EGP exchange rate. (Al Mal) Ezz Steel: EGP8.79 as of 13 November 2016, Rating: Buy, FV: EGP12.00 per share, MCap: USD318mn, ESRS EY / ESRS.CA
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