Steel billet and rebar prices in Egypt increased during the week ending Thursday December 17 because of restocking after recent price increases, although demand for billet imports was not strong, market sources told Fastmarkets.
Buyers did not accept any offered price for imported billet since locally produced billet was enough to meet rebar producers' demand.CIS-origin billet was offered at $570-580 per tonne cfr Egypt, up from $545-550 per tonne cfr...