EGYPT STEEL BILLET, REBAR: Semi-finished import prices drop on weak demand

Prices for steel billet imported into Egypt fell in the week to Thursday May 27, largely due to a lack of demand, sources told Fastmarkets.

Global billet prices have been decreasing recently and there was hardly any demand for imports into Egypt, they added.
Fastmarkets' daily steel billet index, export, fob Black Sea, was $659 per tonne on May 27, down from $691 per tonne on May 20.

Demand for rebar, meanwhile, improved again due to the issuing of new building permits - covering May 1...

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