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مصراوي
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Gas Cuts May Lift Prices
The Egyptian government has cut gas supplies to Ezz Steel, the country’s largest steel producer, by 30%—equivalent to around 30 million cubic feet per day—effective November 8. The cut could reduce output at gas-dependent plants by varying amounts. Integrated plants such as Ezz, Suez Steel and Beshay are expected to be the most affected because they rely on gas at key stages of production, while other plants depend more heavily on electricity. Lower production could shrink supply and push up steel prices, but any increase is not necessarily immediate: available inventories may cushion the impact temporarily, and the scale of the consequences will depend on how long the crisis lasts.
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