EGYPT STEEL BILLET, REBAR: Market remains slow; buyers expect review of construction ban

The long steel market in Egypt was slow during the week ending Thursday January 14 because of soft end-user demand, with prices unchanged, market sources have told Fastmarkets.

The main reason for the weak demand was the construction ban in Egypt, they added.
Egypt imposed a ban on construction in May 2020, but eased the rules in September.

Contractors and real estate developers were allowed to resume construction on buildings up to four storeys high, but only on...


Serife Durmus

January 14, 2021

16:03 GMT