EGYPT STEEL BILLET, REBAR: Billet import prices fall, demand remains weak

Imported billet prices in Egypt fell this week because of lower offers in the market, while local rebar prices remained unchanged, sources told Fastmarkets on Thursday, September 24.

However, no bookings have been heard over the past seven days due to weak end-user demand.
Demand has been hit by a slowdown in construction activity stemming from the government's building ban imposed on May 25,  Egyptian sources said.

The ban was expected to last for six months and comes to an end toward the end of...


Serife Durmus

September 24, 2020

15:17 GMT