Egyptian biggest steelmaker Ezz Steel Q3 net loss narrows 21.5%

Egypt’s largest steel producer Ezz Steel narrowed its net loss in the third quarter of this year by 21.5 percent from a year earlier, the firm said in a statement Wednesday.

Ezz Steel posted a net loss of 302.75 million pounds ($38.67 million) in the three months ended Sept. 30 compared with a net loss of 385.89 million pounds in the same period a year earlier.

Source: Reuters