Demand for steel billet and rebar in Egypt has been very weak over the past seven days, with prices unchanged, and with market participants now asking for the country's construction ban to be removed, sources told Fastmarkets on Thursday March 11.
Construction permits have been limited in Egypt since May 2020, with a small number of permits issued in September.But the current permits were not enough to improve demand for long steel products, and sources wanted the ban to be removed...