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12 Jul
12:47

Egypt rebar market at standstill

Egypt’s low demand in the domestic market and high costs in export markets have led Egyptian mills to suffer, market participants tell Kallanish. Non-Gulf Cooperation Council (GCC) member Egypt has lost tourism income since the beginning of 2020 and a recovery in 2021 is not likely. This is limiting new residential construction and infrastructure projects, and preventing a recovery in rebar inquiries. After Saudi Arabia’s rule of origin…
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