Rebar prices in Egypt remained unchanged over the week to Thursday January 21, while there was no billet import activity because of the recently imposed safeguard duties, sources told Fastmarkets.
Some re-rollers want the duties on billet imports to be removed because they cannot compete with the integrated mills, Egyptian sources told Fastmarkets.The duty was previously 16% of the cif price and a minimum of $74 per tonne for steel...