The import price for steel billet in Egypt fell in the week ended Thursday August 29, with market activity limited because buyers want to wait until a court decides on the imposition of an import safeguard duty and prices hit bottom.
Egypt's Administrative Court suspended temporary safeguarding duties on billet and rebar in July, prompting a flurry of legal activity, which eventually led to the scheduling of a final session to discuss the matter on August 4. That meeting has now been postponed for a third time and is now due to...