The construction ban in Egypt killed off activity in the domestic rebar market in the week to Thursday June 4, but steel billet import prices increased because of higher offers from the CIS, sources told Fastmarkets.
No improvement in demand was anticipated any time soon because all construction activity in Egypt's was halted late in May.On May 21, Egypt's president Abdel Fattah el-Sisi ordered a cessation of all construction activity in Cairo, Alexandria, and Giza to put a stop to building code...