EGYPT STEEL BILLET, REBAR: Lack of demand lowers billet prices, rebar stable

Steel billet import prices in Egypt continued to fall in the week to Thursday August 9 as buying activity remained limited by the holiday season and the expectation that finished long steel prices will soon drop as a result of lower scrap prices.

Metal Bulletin’s weekly price assessment for steel billet imported into Egypt was $517-523 per tonne cfr on Thursday, down from $520-525 per tonne cfr. Several bookings of CIS-origin billet were reported done in the country at $517-523 per tonne...


Vlada Novokreshchenova

August 09, 2018

17:32 GMT