EGYPT STEEL BILLET, REBAR: Billet import prices fall on weak demand; rebar prices inch up

The price assessment for imported billet into Egypt decreased in the week to Thursday October 27, but local rebar prices widened upward on higher offers, sources told Fastmarkets.

Local rebar producers increased their prices, effective October 20.
Current offer prices for rebar range from E£14,900 to15,350 ($946-975) per tonne ex-works including 14% VAT.

Demand failed to improve in the country, however, and buyers are still booking only small volumes for immediate use, sources...

Published

Serife Durmus

October 28, 2021

13:43 GMT

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