The shares of the largest Egyptian Mining EZZ Steel grow against the backdrop of the government’s intentions to limit Turkish import

The largest Egyptian manufacturer and seller of the metal distribution company Ezz Steel can increase the shipments of steel to the country's domestic market by more than 10 percent. Against the background of the government’s statements on the restriction of the Turkish import of metal products, the EZZ Steel shares have increased today by 4.2 percent to 11.18 Egyptian pounds. This is written by Bloomberg.
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Cairo said that he intends to take measures against the growing Turkish steel imports at low prices. The deterrence can lead to an increase in the share of EZZ Steel in the domestic market of Egypt by more than 10 percent, says Allen Sandip, the main expert of the Cairo Naeem Holding.

Ezz Steel shares after the overthrow of Mohamed Mursi and the rehabilitation of the founder of Ahmed Ezza in July this year increased by 31 percent, demonstrating a 9 percent monthly increase.

Seven out of nine analysts, Bloomberg respondents are advised to actively buy EZZ Steel shares, but two of them believe that now is the time to fix the profit.