It’s reported that Ezz Steel, the largest integrated steelmaker reported its financial result for the first half of this year.
The company posted a net profit of EGP302 million of the first half of this year, in comparison of a net profit of EGP82 million in the same period of 2012.
In the first half of this year, Ezz Steel realized sales revenues of EGP11.14 billion, rising by 8% year on year, driven by higher sales volumes of its steel long and flat products and higher selling prices.
Ezz Steel indicated that its prices for steel long products rose by 6% year on year in the first half of this year in the local market but the export prices fell by 4%.
Meanwhile, its prices for steel flat products rose by 4% and 7% in local market and export market respectively in the given period of time.
