EGYPT STEEL BILLET, REBAR: Market optimism, production costs drive uptick in prices

Imported billet and domestic rebar prices in Egypt rose in the week to Thursday August 13 because of increasing production costs and improved market sentiment compared with previous weeks.

Global steel prices have been increasing because of higher feedstock costs. Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $276.12 per tonne on August 13, rising from $272.09...


Serife Durmus

August 13, 2020

16:29 GMT