Steel billet import prices into Egypt have decreased over the past week amid new offers from the CIS region but domestic rebar prices are still unchanged, sources said on Thursday December 13.
Fastmarkets MB's weekly price assessment for steel billet imported into Egypt was $440-445 per tonne cfr on Thursday, falling from $450-460 per tonne cfr last week.Billet producers in the Commonwealth of Independent States (CIS) were offering material at $440-445 per tonne cfr. A deal for 25,000 tonnes of billet from Ukraine was made at $445 per tonne cfr to Egypt this week but buyers have largely been waiting to see if a new...