EGYPT STEEL BILLET, REBAR: Buying weak amid growing gap between billet, rebar prices

By Vlada Novokreshchenova / February 15, 2018 / www.metalbulletin.com / Article Link

Activity in the Egyptian billet import market was almost non-existent in the week to Thursday February 15, with higher offer prices failing to impress buyers.

Activity in the Egyptian billet import market was almost non-existent in the week to Thursday February 15, with higher offer prices failing to impress buyers.One reason, sources said, is that Egyptian customers have sufficient stocks of material at the ports, built up over previous few weeks.Domestic rebar prices, meanwhile, remained unchanged amid reduced demand from the construction sector ahead of the country's presidential elections.Metal...

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