22
Jan
14:56
January sees third rise in Egyptian rebar prices
Egyptian mills have increased their domestic rebar quotes for the third time in January. Major mills raised their quotes by 8-9% compared to last week, Kallanish learns.
Market maker Ezz Steel, followed by major mills Suez and El Marakby, each raised their new 14% VAT-included ex-mill quotes to EGP 48,300/tonne, while El Garhy hiked to EGP 47,500/t. Although the official exchange rate was at EGP 30.9 per dollar late on Monday, the black market rate, widely used by…
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Anonymous
Very good overview of the weekly steel market.
Anonymous