Egyptian steel mill
EZDK has revised down its August rolling hot rolled coil (
HRC) prices both for the domestic and export markets. Accordingly, the mill's domestic offers for
HRC have indicated a decrease of EGP 120/mt ($20/mt) as compared to last month and are currently standing at EGP 4,100/mt ($680/mt) ex-works. Meanwhile,
EZDK's
HRC offers to Saudi Arabia and
Europe are now at $640-660/mt FOB base level, reflecting a drop of $20-30/mt since last month.
$1 = EGP 6.033