EGYPT STEEL REBAR, BILLET: Billet prices increase with higher offers

The price of steel billet imported into Egypt increased in the week to July 4 on higher offers, despite poor domestic demand.

“Higher offers are because of high scrap and iron ore prices,” a local market source told Fastmarkets.

Fastmarkets’ daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was calculated at $291.88 per tonne cfr on July 4, up from $273.88 per...


Serife Durmus

July 04, 2019

15:29 GMT