The price for steel rebar in Egypt decreased in the week ended Thursday October 31, but the import price for steel billet was stable, sources told Fastmarkets.
Egyptian rebar producers reduced their domestic prices on October 9. However, several deals were heard at lower prices this week. Official prices of producers were E ?10,400-10,900 ($643-674) per tonne ex-works including 14% VAT. Sales were made at E ?9,500-10,100 per tonne ex-works including 14% VAT during the week. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Egypt, was E ?9,500-10,100 per tonne ex-works on...