EGYPT STEEL BILLET, REBAR: Billet import prices fall, market activity limited

Steel billet import prices in Egypt fell in the week to Thursday March 19, but there was no resulting pick-up in demand, sources told Fastmarkets.

The spread of the novel coronavirus (2019-nCoV) in Egypt has caused trade to decrease significantly, and many offices have been closed, sources told Fastmarkets.

As of March 19 there were 210 confirmed infections in Egypt, with six deaths reported. However, market participants are concerned the numbers will increase.


Serife Durmus

March 19, 2020

16:24 GMT