Steel billet and rebar prices were stable in Egypt in the week to Thursday, October 8 while demand failed to improve because buyers were expecting prices to fall, sources told Fastmarkets.
Demand for rebar and billet has been slow in the country since the imposition of a construction ban on May 25. Although, the Egyptian government decided to ease the rules of the ban on September 29.Buying was weak, however, because domestic Egyptian buyers...