Steel billet import prices in Egypt increased this week with deals being done at higher levels in the wake of rising global scrap costs, sources told Fastmarkets on Thursday February 14.
Fastmarkets' weekly price assessment for steel billet imported into Egypt was $485-495 per tonne cfr on Thursday, rising from $460-470 per tonne cfr last week.Billet producers in the CIS sold material to Egypt at $485-490 per tonne cfr. About 4,000 tonnes of billet was booked from Turkey this week at $495 per tonne...