EGYPT STEEL BILLET, REBAR: Import billet prices narrow up on deal; higher offers not accepted

Steel billet prices for imports into Egypt narrowed higher this week on a deal heard concluded at $445 per tonne cfr, with several higher offers at $450-455 per tonne cfr not accepted by the market.

Fastmarkets’ weekly price assessment for steel billet imported into Egypt was $445 per tonne cfr on Thursday May 16, narrowing upward from $440-445 per tonne cfr on May 9. The price has been on a general downtrend since March 21, when it was assessed at $475-480 per tonne....


Serife Durmus

May 16, 2019

19:30 GMT