REG - EZZ Steel Company - Ezz Steel Production Ranking

Ezz Steel Co SAEAnnouncement

07/06/2022 16:15

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RNS Number : 0223O  EZZ Steel Company - S.A.E.  07 June 2022

Ezz Steel Company - S.A.E.

Cairo, 07 June 2022 - Ezz Steel (EGX: ESRS; London Stock Exchange: AEZD),

 

Ezz Steel Ranks Top Producer in Africa and the Arab World in 2021

Ezz Steel has topped the steel producers' list in Africa and the Arab world,
for the second consecutive year, as per the Top Steelmakers List in 2021
published by the World Steel Association (Worldsteel). With 5.14 million tons
in crude output, Ezz Steel ranks first on Africa and the Arab world, followed
by Hadeed, Saudi Arabia, (4.86 million tons) in 2(nd) place and Emirates
Steel, United Arab Emirates, (3.02 million tons) in 3(rd) place.

Strong growth, both in the local and export markets, supported a 12% increase
in crude output in 2021, enabling Ezz Steel to achieve record export sales
amounting to $1.3 billion. Ezz Steel remains a market maker and trendsetter.
The successful introduction of the high tensile steel grade B500DWR into the
Egyptian market created a new market standard in Egypt: achieving clients'
quality and economic targets while reducing the environmental impact.

To continue its growth, Ezz Steel has invested in a new 1.6m tpa meltshop at
the Ezz Flat Steel (EFS) complex in Suez, due to be commissioned in the 4(th)
quarter this year. With this investment, Ezz Steel's crude steel production
capacity will be expanded to 7m tpa.

Worldsteel is a non-profit organization with headquarters in Brussels,
Belgium. It represents steel producers, national and regional steel industry
associations, and steel research institutes. Worldsteel is the primary source
of data on the global steel industry.

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