EGYPT STEEL REBAR, BILLET: Billet prices fall, uncertainty keeps demand weak

The price of steel billet imported into Egypt fell in the week to Thursday July 25 on lower offers, with demand still poor due to continuing uncertainty over import duties.

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

In April, Egypt imposed a temporary additional import duty on rebar and billet in response to the increase in volumes entering the country, with duties set at 25% for rebar and 3-15% for billet.
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Published

Serife Durmus

July 25, 2019

16:08 GMT

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