The uptrend seen in domestic hot rolled coil (
HRC) prices in
Egypt now seems to have left its place to a stable trend. Egyptian steel mill
EZDK has kept its April production
HRC prices unchanged as compared to prices for March production at EGP 4,510/mt ($662/mt) ex-works, exclusive of VAT.
HRC demand in
Egypt is reported to be weak.
$1 = EGP 6.81