Misr National Steel SAE · ATQA.CA

Misr National Steel SAE is an Egypt-based iron & steel business in the basic materials sector, listed on the Egyptian Exchange under ticker ATQA.CA. Misr National Steel SAE (ATAQA) is an Egypt-based company engaged in the manufacture of reinforced steel bars according to Egyptian and international standards in different sizes and thicknesses. Misr National Steel SAE’s plant is located in Suez, 110 kilometers from Cairo, consists of a rolling mill with bar quenching system, water treatment plant, maintenance workshop, quality assurance laboratory and electrical sub-station. During the year ended December 31, 2011, Misr National Steel SAE’s production was 322,000 tons of re-bars. ATAQA is a subsidiary of Steel Egypt, which holds 99.99% shares in Misr National Steel SAE’s capital. Its investment profile is best assessed through commodity inputs, production efficiency, export and domestic demand, working capital, and energy-cost exposure. Key analysis points include business model clarity, durability of revenue sources, cost control, cash conversion, leverage, shareholder structure, and the consistency of public disclosures over time.