EGYPT STEEL BILLET, REBAR: Billet import prices decrease, demand weak

Steel billet import prices decreased in Egypt on lower bids in the week to Thursday July 2, sources told Fastmarkets.

In addition, Egypt imposed a 10% duty on imports of finished steel products under HS code 7208, 7209, 7210, 7211, 7212, 7213, 7214, 7215, and 7216, in effect from June 24.
The duty does not affect semi-finished product imports, but billet is already subject to a 16% safeguard duty until October 12 this year.

Market participants expect no improvement in demand for...

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