arabic.cnn.com
🌐 75% Global Worthiness
Ezz Steel Plant Malfunction Causes Stock Drop, Market Loss
A major malfunction at Ezz Steel's Ain Sokhna plant, resulting in a nine-month shutdown of a furnace with a 1.6 million-ton annual capacity, caused a 9.33% stock price drop, a 5.8 billion Egyptian pound market loss, and projected impacts on Egyptian steel supply and prices.
Ezz Steel Plant Malfunction Causes Stock Drop, Market Loss
A major malfunction at Ezz Steel's Ain Sokhna plant, resulting in a nine-month shutdown of a furnace with a 1.6 million-ton annual capacity, caused a 9.33% stock price drop, a 5.8 billion Egyptian pound market loss, and projected impacts on Egyptian steel supply and prices.
Progress
36% Bias Score