Steel billet import prices in Egypt increased in the week to Thursday November 8, but demand for rebar was still weak in the country.
Fastmarkets' weekly price assessment for steel billet imported into Egypt was $480-490 per tonne cfr on Thursday, compared with $477-480 per tonne cfr last week.Billet producers in the Commonwealth of Independent States (CIS) increased their prices because of the higher costs for scrap and the positive market sentiment in the region.Billet from the CIS...