Billet import prices decrease in Egypt, rebar expected to follow
Billet import prices to Egypt decreased during the week ending Thursday November 25, and local rebar prices are also expected to decrease due to weakening billet prices in global markets, sources told Fastmarkets.
Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS
was $610 per tonne fob on November 24, falling from $630 per tonne on November 18.
Egyptian buyers made several billet import deals last week after the...