25
Aug
11:51
Solb Misr could sell re-roller subsidiary stake: reports
Egyptian long steelmaker Solb Misr is in talks with an investor to sell its 89.9% stake in re-roller subsidiary Misr National Steel Ataqa, local press quote Solb Misr chairman Gamal El-Garhy as saying.
The move has been prompted by Solb’s desire to raise capital, as well as poor economic conditions in Egypt, increasing power and production costs and foreign currency shortages faced by steelmakers. “The expected strategic investor isn’t among Eg…
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Anonymous
Very good overview of the weekly steel market.
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