Monday, Aug 17, 2009

CAIRO (Dow Jones)--Beshay Steel Egypt said it will increase its selling prices from 2700 Egyptian pounds per ton ($486) to EGP2925 per ton, Egyptian daily Al-Mal reports Monday.

Meanwhile, Ezz Group said in July it will reduce its steel prices by 3.4% starting from August. Ezz Group reduced its selling prices to EGP2800 per ton, from EGP2900 per ton.

Newspaper: Al-Mal

-By Shereen El Gazzar, contributing to Dow Jones Newswires, +20124298286, Shereen.elgazzar@gmail.com

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17-08-09 0817GMT