14
Jun
14:17
Egyptian March rebar output recovers as prices surge
Egyptian rebar sales declined -11% on-year in March to 708,400 tonnes, Kallanish learns from the latest Central Bank of Egypt (CBE) data.
This was, however, due to a high base effect as March 2015 saw the highest monthly sales in nearly two years. Compared to February sales rose 2% in March 2016.
The average price of March sales was up 3% on-year to EGP 4,974.5/tonne ($560/t). This was a whopping EGP 488.5/t higher than the three-year low price seen in Januar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous