Egyptian billet import prices rise on bookings from Turkey

Prices for imported billet in Egypt pushed up over the past week, as several bookings of Turkish material were heard in the market, sources told Metal Bulletin on Thursday June 15.

Two cargoes of Turkish billet, of about 20,000 tonnes each, were heard sold to Egypt at $405-407 per tonne fob late last week and early this week, sources said.

With the estimated cost of freight at $11-12 per tonne, this would equate to...

Published

Vlada Novokreshchenova

June 15, 2017

15:38 GMT

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