Egyptian producer EZDK's HRC offers to its domestic market have shown no change as compared to two weeks ago and are currently standing at the level of EGP 2,650/mt ex-works on actual weight basis. Meanwhile, HRC offers given by another Egyptian producer, Hadisolb, to the local market are currently standing at EGP 2,750/mt ex-works on actual weight basis, also indicating no change as compared to two weeks ago.
As for the export market, HRC offers given by EZDK are in the range of $370-400/mt FOB, while 0.5 mm 120 gr/m² HDG offers given by Kandil are at $600/mt FOB.
On the other hand, looking at the import side, HRC offers given from Ukraine to Egypt are at the level of $360-370/mt CFR Egypt for May production, indicating a $10/mt decrease compared to two weeks ago. With regard to May production HRC offers given from Russia, prices have decreased by $20/mt as compared to two weeks ago and currently stand at $390-395/mt CFR Egypt.