05
Jul
10:47
Egyptian rebar mills reduce domestic market quotes
Egyptian rebar prices have softened in line with the downtrend in global ferrous markets, Kallanish notes.
The latest rebar price announcement, made mid-last week by Ezz Steel, was followed by nearly all producers reducing their rebar quotes by EGP 500-600/tonne ($26-32) versus previous offers.
Mills have set their domestic ex-works net rebar prices, 10-20 days payable after the invoice date, including 14% VAT, at EGP 17,670/tonne ($820) for Ezz Steel, EGP 1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous