Ezz Steel announces another hike in ex-factory steel prices to EGP11,220/t
Ezz Steel announced another hike in March for its ex-factory steel prices to reach EGP11,220/tonne, excluding the 14% VAT. It is worth noting that this represents an increase of EGP495/tonne over the most recent price increase, which took place last week.
Ezz Steel: EGP25.13 as of 13 Mar. 2018, Rating: Buy, TP: EGP26.50/share, MCap: USD778mn, ESRS EY/ESRS.CA
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