29
Nov
13:47
Egypt rebar sales surge again in August
Egyptian domestic market rebar sales soared for a second consecutive month, rising 21% on-year in August to 636,100 tonnes, Kallanish learns from the latest Central Bank of Egypt (CBE) data.
The average price of August sales surged 26% on-year to EGP 6,016/tonne ($679/t at August exchange rate). This was the highest monthly price and first above EGP 6,000 for over seven years. It reflected the weak Egyptian pound against the dollar, which made raw materials…
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Anonymous
Very good overview of the weekly steel market.
Anonymous