The price of steel billet imported into Egypt continued to fall in the week to June 27 on lower offers, driven by poor domestic demand.
"Prices may fall further because demand is weak all over the region. Scrap prices are also falling," a local market source told Fastmarkets.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was calculated at $273.88 per tonne cfr on June 26, down from $273.1 per...