08
Dec
00:00
Egypt energy, demand shortage negates need for new steel plants
Egypt’s push towards issuing licences for new steel plants is likely to be hampered by energy shortages in the country and slower than expected steel consumption growth, according to the Egyptian metallurgy chamber.
Egypt’s investment ministry has said it is considering handing out new licences to cater for the expected increase in steel use to over 12 million tonnes in 2020. However, consumption is expected to total 7.3mt in 2014, a slight incre…
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Anonymous
Very good overview of the weekly steel market.
Anonymous