Steel billet import prices in Egypt have fallen by $20-25 per tonne over the past week amid poor demand and reduced offer prices, although domestic rebar prices were unchanged, sources said on Thursday November 29.
Fastmarkets' weekly price assessment for steel billet imported into Egypt was $450-460 per tonne cfr on Thursday, down from $475-480 per tonne cfr last week.Billet producers in the Commonwealth of Independent States (CIS) were offering material at $460 per tonne cfr, and one buyer was bidding at that price.No deal was heard, however, because buyers wanted to...