24
May
16:03
Egypt diverts crude steel output away from rebar
Egyptian domestic market rebar sales slumped -23% on-year in February to 537,500 tonnes, according to the latest Central Bank of Egypt (CBE) data monitored by Kallanish. Nevertheless, they rebounded 52% from an almost six-year low in January.
The average price of February rebar sales soared 101% on-year to EGP 9,150/tonne ($529/t at February’s exchange rate); however, this was the first on-month decline in prices since July 2016. Egyptian steel prices…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous