04
Apr
14:19
Egypt rebar prices increase on currency devaluation
Major mills in Egypt have increased their rebar prices effective 1 April, owing mainly to the depreciation of the local currency against foreign currencies and rise in input costs, such as raw materials and sea freight prices, Kallanish notes.
Mills’ new domestic market ex-works net rebar prices, including 14% VAT, are at EGP 19,900/tonne ($957) for Suez, Misr and Egyptian Steel, at EGP 20,000/t ($962) for Ezz Steel, at EGP 20,750/t ($998) for Beshay St…
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Anonymous
Very good overview of the weekly steel market.
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