EGYPT STEEL BILLET, REBAR: Billet import price dips on unimproved demand

The billet import price decreased in Egypt because of lower offers and bids in the week to Thursday June 25, sources told Fastmarkets.

CIS-origin billet was offered this week at $395-400 per tonne cfr, and buyers believed $375-380 per tonne cfr may be a "workable" price for the material.
No deals were heard in the assessment period because of weak rebar consumption.

As a result, Fastmarkets' weekly price assessment for steel billet, import, cfr main port Egypt was $380-395 per tonne on Thursday, narrowing downward...

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