23
May
08:20
Egyptian mills reduce rebar prices again in May
Egyptian rebar prices have slid for the second time in May, in line with the downtrend in global ferrous markets, Kallanish notes.
At the beginning of May, Ezz Steel led a rebar price reduction, which was followed by other mills. The latest rebar price announcement, made on Sunday, has seen nearly all producers reduce their rebar quotes by 5% versus their previous price lists.
"The decline is factoring to the global downward direction in steel prices and sof…
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Anonymous
Very good overview of the weekly steel market.
Anonymous