Egypt’s drI-based steelmakers fnally achieve gas price cuts

摘要

Several years of efforts resulted in long-awaited cuts of the natural gas tariffs in Egypt, playing in hands of local DRI-based steelmakers, who now will be able to optimize production costs.Egypt’s government approved recommendations of the consultancy committee to reduce natural gas prices for some categories of the industrial users on September 30, Metal Expert learnt. The steel sector was included in the list of the industries, which received lower tariffs. The current gas price was set at $5.5 per 1 million BTU versus $7 earlier. The tariffs are expected to be revised every six months.