Egypt rebar consumption decreases by 33% in July

Egypt consumed 439,000 tonnes of rebar in July 2020, 33.48% less than the 660,000 tonnes it consumed in July 2019, Egyptian sources told Fastmarkets.

This was up from 312,000 tonnes of rebar consumed in May 2020, but down from 658,000 tonnes of rebar in June 2020, sources added.
The reasons behind Egypt's falling rebar consumption were the Eid al-Adha holidays at the end of July as well as the construction ban, sources said.

There has...

Bank of Japan boosts rates, continuing an unwinding carry trade

Gold stocks outperform equity market slide

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue