EGYPT STEEL BILLET, REBAR: Import billet prices rise, rebar prices stable

Steel billet prices for imports into Egypt have increased this week on higher offers, while domestic rebar prices have remained unchanged, Fastmarkets heard on Thursday May 23.

Fastmarkets’ weekly price assessment for steel billet imported into Egypt was $450-455 per tonne cfr on Thursday, rising from $445 per tonne cfr on May 16. The price increase, despite weak demand, came because of rising prices globally after the United States reduced its import tariff on Turkish steel to 25% from the previous 50% on May 17. This has had...


Serife Durmus

May 23, 2019

15:40 GMT