15
Jan
09:16
Egyptian mills raise rebar prices again
Led by the market maker, Ezz Steel, Egyptian mills have revised their rebar prices for a second time in two weeks. They have increased them by another 6-7% versus the last announcement due to local currency devaluation in the free market, Kallanish notes.
Mills have set their new domestic market ex-works net rebar prices, including 14% VAT, at EGP 44,500/tonne ($1,263) for Ezz and El Marakby, EGP 44,450/t ($1,262) for Egyptian Steel and Suez Steel, EGP 44,000…
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Anonymous
Very good overview of the weekly steel market.
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