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...

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week