15
Jan
17:35
El Garhy Steel seeks IPO in H2: reports
El Garhy Steel is in talks with a bank to prepare an initial public offering to be carried out in the second half of 2018, according to Egyptian press reports.
The company plans to offer a 25% stake on the Egyptian stock exchange in order to fund investments into new billet and rebar plants, according to reports. The firm aims to increase its production capacity to 2.4 million tonnes/year and exploit Egypt’s anti-dumping duties on rebar imports from China,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous