Steel billet and rebar prices remained stable in Egypt in the week to Thursday October 15 while trading activity was modest amid a lack of clarity over market conditions, sources said.
Several market sources reported that safeguarding duties for imported billet and rebar had been reduced in the country earlier in the week, although no official documents had been provided to Fastmarkets by the time of publication.The Egyptian government had initially scheduled to reduce the duties in April of this year but then postponed it until October 12 due to the effects of...