Egypt import billet, domestic rebar prices increase but demand still low

Import prices for billet and domestic prices for rebar increased this week in Egypt, but demand was still weak due to the shortage of foreign currency in the country.

Egyptian buyers booked an unconfirmed quantity of billet from the CIS at $415 per tonne cfr late last week. Offers for CIS-origin billet were $435 per tonne cfr this week.

Metal...

Published

Serife Durmus

March 23, 2017

15:42 GMT

Bursa