15
Sep
11:09
Egypt rebar sales up 4% in June, but price falls
Egypt’s domestic rebar sales increased 4% on-year in June to 689,900 tonnes, but average price was down -3% to EGP 4,825/t ($616), Kallanish learns from the latest Central Bank of Egypt data.
Rebar production surged 18% on-year in June to 712,900t. However, according to worldsteel data, crude steel output that month plunged -34% to 450,000t, suggesting more billet was imported to convert into rebar. Iranian and Chinese mills have in recent months…
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Anonymous
Very good overview of the weekly steel market.
Anonymous