EGYPT STEEL BILLET, REBAR: Rebar price stable but billet price rises again

The price for steel rebar in Egypt was stable in the week ended Thursday October 24, but the import price for steel billet has increased again, sources have told Fastmarkets.

Egyptian rebar producers reduced their domestic prices on October 9, but have not made any further changes since then. Ezz Steel, Egypt’s biggest producer, was currently offering rebar at E£10,900 ($672) per tonne, El Marakby Steel was offering rebar at E£10,400, Beshay Steel at E£10,800, Garhy Steel at E£10,500 and Misr Steel at E£10,400. All these prices were on a per tonne ex-works basis, including 14% VAT. Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw...

Published

Serife Durmus

October 24, 2019

14:35 GMT

Bursa