Egyptian local rebar prices set to increase on higher materials costs

Local rebar prices in Egypt were expected to increase soon because of rising production costs, Fastmarkets heard on Wednesday February 26.

El Marakby Steel increased its rebar price this week to E£9,600 ($615) per tonne ex-works including 14% VAT, from the previous E£9,400 per tonne.

Currently, the country’s biggest producer, Ezz Steel, is offering...

Published

Serife Durmus

February 26, 2020

13:58 GMT

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