EGYPT STEEL BILLET, REBAR: Prices increase on higher production costs but demand yet to grow
Prices of steel rebar and billet in Egypt increased in line with growing production costs but new domestic regulations on construction are yet to boost demand, sources told Fastmarkets on Thursday May 6.
Egypt's Ministry of Local Development has allowed new building permits
from May 1 until June 30 for a trial period.
Egypt has imposed a construction ban since May 2020, although the rules were slightly eased in September
But several forms of approval are required before construction starts so demand for...