12
Dec
11:28
Egyptian mills implement second rebar price hike
Major Egyptian mills have increased their rebar quotes for a second time since the beginning of December, this time by nearly EGP 1,000/tonne ($41) effective 12 December. This comes on the back of the pound's depreciation against foreign currencies, Kallanish learns.
"Egyptian mills preferred to raise their quotes in two rounds not to anger local politicians. 80-85% of steelmaking raw materials are imported into the country. Considering current …
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Anonymous
Very good overview of the weekly steel market.
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