26
Mar
00:00
Egypt's Solb Misr mulls large investment, but waits on economic stability
Egyptian long steelmaker Solb Misr is evaluating an investment of EGP 1.6 billion ($209 million) to expand production, dependent on political and economic stability in Egypt, a source close to the firm tells Kallanish.
Reports this week have quoted Solb Misr chairman Gamal El-Garhy as saying the amount will be invested through to 2017: However, no commitment has yet been made. “This is just under study. It’s totally premature to talk about it, gi…
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Anonymous
Very good overview of the weekly steel market.
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