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24 Jan
09:28

Egypt rebar output recovers after October record-low

Egyptian rebar production recovered in the remainder of the fourth quarter – thanks to improved dollar availability and steadier gas and power supply – after sinking to a multi-year low in October, according to an Egyptian metallurgy chamber official. Rebar production plummeted -25% on-year in October to 363,600 tonnes, the lowest monthly output in over five years (see Kallanish 21 January). The next-lowest production since the start of 2010 was reco…
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