Egypt: declining sales and production of «Ezz Steel» in the first nine months of 2014

 

 

ArabMetal – According to the third quarterly report of 2014, published on 17 February  Total «Ezz Steel»  sales of finished product value (long and flat) dropped by – 6.88%, to 14.881 million Egyptian pounds in the first nine months of 2014 compared to sales worth $ 15.981 million Egyptian pounds for the same period in 2013.

Total sales of finished products declined by 6.34% to 3327039 tons in the first nine months of 2014 compared to 3553694 tons in the same period of 2013, the highest percentage decline in sales of flat products sales by – 14.13%  with 624,775 tons compared to 727,560 tons, sales of long products fell by – 4.38% and amounted to 2,702,264 tons in 2014 compared to 2,826,134 tons in 2013, the Egyptian market share 95% of long products, 59% of flat products.

The report showed a decline in total production of finished products (long and flat) by – 5.82%, to 3349262 tons compared to 3556324, flat products decline by – 22.83% to 566,235 tons compared to 733,786. long products declined slightly by – 1.4% to 2783027 tons compared to 2822538. Crude steel decline by – 2.2% to 2450515 tons compared to 2505737, for the same periods of 2014 and 2013.

The consolidated results of «Ezz Steel», during the nine month period ended September 30, 2014, Showed a net loss of 528.4 million pounds ($ 69.3 million) versus a profit of 593 million pounds ($ 77.8 million) during the same period in 2013.

 

total Ezz Steel production of nine months – years  2010 -2014

Company

Long

Flat

Finished

Crude Steel

EzDk

1,524,641

566,235

2,090,876

1,551,648

ESR/ERM

920,548

0

920,548

579,561

EFS

337,838

0

337,838

319,306

Total 9 months 2014

2,783,027

566,235

3,349,262

2,450,515

EzDk

1509533

733786

2243319

1554309

ESR/ERM

1005765

0

1005765

581274

EFS

307240

0

307240

370154

Total 9 months 2013

2822538

733786

3556324

2505737

EzDk

1466020

682778

2148798

1584406

ESR/ERM

1002232

0

1002232

608249

EFS

477927

0

477927

539661

Total 9 months 2012

2946179

682778

3628957

2732316

EzDk

1380713

686690

2067403

1505925

ESR/ERM

1027262

0

1027262

611540

EFS

193995

101350

295345

303540

Total 9 months 2011

2601970

788040

3390010

2421005

EzDk

1377486

750692

2128178

1403103

ESR/ERM

1175709

0

1175709

612772

EFS

0

386434

386434

49232

Total 9 months 2010

2553195

1137126

3690321

2065107

 

Source: Ezz Steel Reports

Prepare by «Arab Metal»