25
Apr
20:42
Egyptian re-rollers halt production on billet safeguard duty
Numerous Egyptian re-rollers have halted production on account of not being able to source billet competitively since the country implemented a safeguard duty on the semi-finished product last week.
A representative at one re-roller that has paused production tells Kallanish Egyptian billet producers are “… asking for very high prices, but at the same time they didn’t increase their sales prices for rebar.” This leaves re-…
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Anonymous
Very good overview of the weekly steel market.
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