Egyptian rebar producers raise prices on higher billet costs

More rebar producers in Egypt have increased their prices with effect from Sunday November 17, following the moves of other mills that announced higher prices last week, Fastmarkets has learnt.

Egyptian rebar producer Garhy Steel is now offering rebar at E£10,000 ($619) per tonne ex-works, up from the previous E£9,600 per tonne ex-works, including 14% VAT.

El Marakby Steel’s rebar price is now E£9,850 per tonne ex-works including 14% VAT, up from E£9,600 per tonne ex-works including VAT.


Serife Durmus

November 18, 2019

13:44 GMT