According to market sources, demand for import
rebar in the Egyptian market has remained poor since last week. Despite significant numbers of import offers from
China and Turkey, local buyers are in no rush to conclude fresh bookings at the moment. However, an ex-
China deal for 3,000 mt of
rebar has been heard in the past week at $502-510/mt CFR, which is the current offer range.
On the other hand, Turkish
rebar offers to
Egypt are standing at $585/mt CIF, though Turkish mills are finding it difficult to compete with Chinese offers.