The price for steel rebar in Egypt decreased in the week ended Thursday November 7 even as imports costs for steel billet rose, sources told Fastmarkets.
Egyptian rebar producers were offering rebar at E ?9,600-9,900 ($592-610) per tonne ex-works including 14% VAT, down from last week's E ?10,400-10,900 per tonne ex-works including VAT. Sales were made at E ?9,500-9,800 per tonne ex-works including 14% VAT...