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09 Dec
11:14

Egypt rebar sales surge 40% in September

Egypt’s domestic rebar sales surged 40% on-year in September to 578,100 tonnes, but their average price was down -6% to EGP 4,789.5/tonne ($611.7), Kallanish learns from the latest Central Bank of Egypt (CBE) data. Sales were also up 10% from August. Rebar production rose 4% on-year in September to 513,500t. Crude steel output that month surged 43% to 384,000t, but was still the lowest monthly production so far in 2015. Nevertheless, the much faster growth…
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