Some Egyptian rebar producers decrease prices

Some rebar producers in Egypt have decreased their prices in effect from Monday February 10 amid falling billet prices and a strong domestic currency, sources told Fastmarkets.

The country’s biggest producer Ezz Steel is now offering rebar at E£9,900 ($626) per tonne ex-works including 14% VAT, down from E£10,000 per tonne ex-works.

El Marakby...

Published

Serife Durmus

February 10, 2020

15:45 GMT

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