Latest in Tag: steel industry Highlight

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Latest in Tag: steel industry

Ezz Steel 2011 net profit falls 20 pct

By Tamim Elyan / Reuters CAIRO: Egypt’s largest steel producer, Ezz Steel, posted a 20 percent drop in 2011 net profit on Tuesday as soaring costs and higher taxes offset a rise in sales during a year of economic and political turmoil. An uprising ousted president Hosni Mubarak in February last year and the turmoil rocked …


HC raises Ezz Steel to overweight

By Reuters CAIRO: Egypt’s largest steel maker Ezz Steel will likely be allowed to retain the operating licenses for two of its plants after paying a fee, said HC Securities, which upgraded the stock to “overweight” from “neutral.” Earlier this year, media reports indicated the government was restoring operating licenses for some Ezz plants that it …


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