EGYPT STEEL REBAR, BILLET: Lower offers, lack of demand, send billet prices down

Import prices for steel billet in Egypt fell in the week ended Thursday September 12, amid lower offer prices from the Commonwealth of Independent States (CIS) in particular.

While the lower offers are the result of limited market activity across all major sales outlets, in Egypt continuing uncertainty over the country's import safeguard duty has stifled market activity. The Supreme Administrative Court of Egypt has again postponed its decision on the possible re-imposition of safeguard duties on...

Published

Vlada Novokreshchenova

September 12, 2019

15:49 GMT

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