Demand for steel rebar and billet in Egypt was subdued in the week to Thursday July 15 because buyers preferred to wait until after the upcoming Eid al-Adha holiday before conducting new business, sources told Fastmarkets.
Eid al-Adha is expected to take place next week and market participants did not want to make any bookings before the four-and-a-half-day religious holiday.At the same time, uncertainty remains in the market with participants still awaiting a decision from Egypt's Ministry of Trade & Industry on whether it will...