EGYPT STEEL BILLET, REBAR: Local rebar prices up, billet import prices weak

Imported billet prices narrowed downward in Egypt on lower offer prices over the week while local rebar prices increased, sources told Fastmarkets on Thursday September 17.

No bookings were heard done during the week, however, because of the weak end-user demand in Egypt, sources said.
The reason demand was slow is the weak construction activity after a construction ban was imposed in the country on May 25, which is due to last for six months, Egyptian sources said.

The ban should be removed toward the end of October, but...

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