26
Jun
17:59
Egyptian first-quarter rebar sales, output slump
Egyptian domestic market rebar sales slumped -15% on-year in March to 528,000 tonnes, according to the latest Central Bank of Egypt (CBE) data monitored by Kallanish. The average price of these sales fell -7% to EGP 11,637/tonne ($697/t).
Rebar production, however, inched up 1% in March to 597,000t. Crude steel output that month rose 5.7% to 706,000t, according to worldsteel data.
Egyptian rebar sales in the first quarter thus declined -10% on-year to 1.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous