Domestic prices for rebar and import prices for steel billet in Egypt both increased this week even though demand has started to fall, Metal Bulletin has heard.
Beshay Steel was offering rebar at E ?12,996 ($736) per tonne ex-works on Saturday March 17, and the country's biggest producer, Ezz Steel, has been offering rebar at E ?12,790 per tonne ex-works since March 14, including 14% VAT.Metal Bulletin's weekly price assessment for domestic rebar in Egypt on March 22 was E ?12,790-12,996 per tonne ex-works, rising from E ?12,226-12,900 per tonne ex-works, including 14% VAT,A total of 22,000 tonnes of of CIS-origin billet has been booked at $560 per tonne cfr to...