EGYPT STEEL REBAR, BILLET: Prices steady, demand remains subdued

The prices of steel billet and rebar in Egypt were stable in the week ended Thursday August 8 on demand that remained weak due to the continuing uncertainty over the country’s import duties.

“Most of next week will be Eid al-Adha [religious] holiday, so there was no buying this week,” 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,...


Serife Durmus

August 08, 2019

15:44 GMT