EGYPT STEEL BILLET, REBAR: Billet import prices rise, demand weak

Demand for imported steel billet and domestic steel reinforcing bar (rebar) in Egypt remained weak in the seven days to Thursday May 21, but billet import prices increased because of higher offers, sources told Fastmarkets.

No improvement in demand is expected any time soon, sources said, due to the Islamic holy month of Ramadan and the Covid-19 pandemic.

In addition, Egypt’s president, Abdel Fattah el-Sisi, ordered all construction activities to stop in Cairo, Alexandria,...


Serife Durmus

May 21, 2020

15:37 GMT