Egypt's Ezz Steel loss higher in H1 2016

摘要

Egypt's largest steel producer Ezz Steel posted a loss in H1 2016 due to challenging market environment in the global market and a number of problems in Egypt. In H1 2016 the producer's net loss surged by 40.8% to EGP 616.3 million y-o-y ($69.3 million, $1 = EGP 8.89), according to the company financial statement.