Prices for steel rebar and billet in Egypt rose in the week ended Thursday November 14, stimulating demand as buyers looked to avoid being caught by any further increases, sources told Fastmarkets.
Egyptian rebar producers were offering rebar at E ?9,600-10,370 ($594-641) per tonne ex-works including 14% VAT, up from last week's E ?9,600-9,900 per tonne ex-works including VAT.Some Egyptian rebar producers announced higher prices earlier this week.Sales were...