03
Jul
15:49
Egypt rebar sales surge again, prices all-time high
Egyptian domestic market rebar sales surged 23% on-year in March to 622,000 tonnes, according to the latest Central Bank of Egypt (CBE) data monitored by Kallanish.
The average price of March sales rose 32% on-year to EGP 12,413/tonne ($705 at March exchange rates). This was an all-time high.
Rebar production was flat in March at 592,000t. Egyptian crude steel output that month surged 27% to 668,000t, according to worldsteel data.
Egyptian rebar sales…
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Anonymous
Very good overview of the weekly steel market.
Anonymous