Malfunction of EFS Meltshop2 Transformer
RNS Number : 7368N
EZZ Steel Company - S.A.E.
26 November 2024
EZZ Steel Company - S.A.E.
Cairo, 26 November 2024 - Ezz Steel (EGX: ESRS; London Stock Exchange: AEZD),
Ezz Steel advises that the transformer of meltshop No. 2 of Ezz Flat Steel Company (EFS), Suez, a subsidiary, suffered a major malfunction.
The manufacturer was immediately contacted; in view of the initial technical evaluation, the repair period is expected to extend for approximately 9 months. The insurance company has been notified that, as a consequence, meltshop No. 2 operations have been suspended.
EFS will alternate meltshop No. 1 between slabs and billets casting to produce flat steel and rebars respectively, according to market demand.
Investors Relations
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.