EGYPT STEEL BILLET, REBAR: Billet import prices down; Covid-19 virus starts to have impact on market activity

Prices for imported steel billet in Egypt fell in the week to Thursday April 2, with market activity being stifled by the wider impact of the Covid-19 pandemic, sources told Fastmarkets.

Demand is weak, and trading activity is limited, sources said.

CIS-origin billet was on offer to Egyptian customers this week at $350-355 per tonne cfr, down from last week’s $370-375...


Serife Durmus

April 02, 2020

14:30 GMT