The import price for steel billet in Egypt fell in the week to Thursday April 25, on declining demand caused by uncertainty over the imposition of import duties.
Demand for imported rebar was also down and domestic rebar prices increased as a result.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $445-450 per tonne cfr on Thursday, falling from $450-455 per tonne cfr last week.CIS-origin billet was offered to the country at $445-450 per tonne cfr, but demand was very weak and no major deals were heard.Egypt imposed temporary import...