EGYPT STEEL BILLET, REBAR: Demand remains low on expected price cuts

Demand for steel billet and rebar was low in Egypt because buyers expected prices to decrease, sources told Fastmarkets on Thursday September 9.

Rebar prices have decreased recently in many global markets, in line with falling scrap prices.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $660-670 per tonne on September 9, compared with $665-670 per tonne one week earlier.

And Fastmarkets' daily index for steel scrap, HMS...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold