EGYPT STEEL REBAR, BILLET: Higher offers drive billet prices upward

The price of steel billet imported into Egypt increased in the week to Thursday July 11 because of higher offers, despite the poor domestic demand.

“Offer prices are increasing but there are no bookings because of the uncertainty about safeguard duties,” a local market source told Fastmarkets.

In April, Egypt imposed a temporary additional duty on rebar and billet in response to increased import...


Serife Durmus

July 11, 2019

15:13 GMT