Egyptian rebar mills cut prices again to reflect lower production costs

Some Egyptian steelmakers reduced their rebar prices again this week to reflect falling production costs and to revive flagging demand, sources told Fastmarkets on Wednesday, October 9.

Ezz Steel, Egypt’s biggest producer is now offering rebar at E£10,900 ($667) per tonne ex-works, down from E£11,290 per tonne ex-works announced on September 30. All rebar prices in Egypt include 14% VAT.

El Marakby Steel...


Serife Durmus

October 09, 2019

12:56 GMT