EGYPT STEEL BILLET, REBAR: Demand strengthens but prices stable

Demand for steel rebar in Egypt has improved in the week to Thursday June 17, although prices are stable, sources told Fastmarkets.

Sentiment in the country’s rebar market improved after the Egyptian Ministry of Local Development allowed new building permits. Permits will be available on a trial basis from May 1 until June 30.

Egypt’s rebar consumption increased by 79.29% year on year in May 2021...

Published

Serife Durmus

June 17, 2021

15:38 GMT

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