Ezz Steel to resume production in Egypt

Egyptian steel company "Al Ezz Steel Rebars" has resumed production at its four plants. It is reported by Metal Bulletin. However, concern still continues to work with capacity below par. "Ezz Steel Factories are working, they have not received any physical injuries. Plants do not operate at full capacity due to the impact of the Government of the curfew and the breakdown in communication," - said in a corporation. Power plant in Alexandria is 3 million tons of fittings, wire rods and rolled products. Enterprise in Sadat released 1 million tons of reinforcement, and in Ramadan - from 500 thousand tons of reinforcement and wire rod. Suez Steel Plant Capacity is estimated at 1.3 million tons of rolled steel per year. First it was reported that an Egyptian company up to the first half of 2010 compared to same period in 2009 increased net profit by 151% to 241 million Egyptian pounds (42.25 million dollars). In turn, consolidated revenues grew Ezz Steel during the year grew 17%, reaching 7.5 billion pounds (1.31 billion dollars). Ezz Steel the largest steel manufacturer in Egypt. The company specializes in the production of elongated and flat-rolled products. Ministry of Industry