03
Mar
00:00
Hadisolb budgets for another loss in fiscal 2015/16, to import 96,000t of coke
Egyptian Iron & Steel Company (Hadisolb) is targeting a net loss of EGP 512.5 million ($67.2m) in its estimated budget for fiscal year 2015/16 which begins in July, Kallanish learns.
The steelmaker’s board announced last week that Hadisolb has budgeted for payment for all raw materials needed for production, including 96,000 tonnes of coke imports. Repaying outstanding loans from foreign providers amounting to EGP 3.4m and technology replacement an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous