The price of steel billet imported into Egypt increased in the week to July 4 on higher offers, despite poor domestic demand.
"Higher offers are because of high scrap and iron ore prices," a local market source told Fastmarkets.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was calculated at $291.88 per tonne cfr on July 4, up from $273.88 per tonne...