Prices for steel rebar and billet in Egypt continued to increase in the week to Thursday May 20, with demand beginning to improve after the government further eased its ban on construction in the country, sources told Fastmarkets.
The Egyptian Ministry of Local Development is running a trial program allowing new building permits to be issued in 27 cities until June 30 as a trial, before extending the scheme to the rest of the country from July 1.Rebar stock levels are low and prices have been increasing continuously recently, so, buyers have...