Ezz Steel's exports exceed $1bln in nine months

Exports amounted to $597mln in the first half of 2021

  
Image used for illustrative purpose, Workers stand on a platform near steel bars at a factory belonging to Ezz Steel, Egypt's largest steel producer, at an industrial complex in Sadat City, 94 km (58 miles) north of Cairo.

Image used for illustrative purpose, Workers stand on a platform near steel bars at a factory belonging to Ezz Steel, Egypt's largest steel producer, at an industrial complex in Sadat City, 94 km (58 miles) north of Cairo.

REUTERS/Amr Abdallah Dalsh
Cairo – Mubasher: Ezz Steel said that its total exports during the first nine months of 2021 reached $1.013 billion.

Exports amounted to $597 million in the first half (H1) of 2021 and $416 million in the third quarter (Q3) of the year, according to a bourse disclosure on Tuesday.

In the January-June period, the steel manufacturer turned to net profits of EGP 2.39 billion, versus net losses of EGP 2.77 billion in the prior-year period, including minority shareholders' rights.

Source: Mubasher

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