Steel billet import prices in Egypt increased this week on higher offers, and the market is expecting rebar prices to increase as well, sources told Fastmarkets on Thursday January 31.
Fastmarkets' weekly price assessment for steel billet imported into Egypt was $450-455 per tonne cfr on Thursday, rising from $425-440 per tonne cfr last week.Billet producers in the CIS were offering material to Egypt at $450-460 per tonne cfr, sources said.Some bookings for prompt shipment from Russia were heard at...