Market sources state that
Egypt-based steelmakers
EZZ Steel and Beshay Steel have kept their October production
rebar prices unchanged as compared to prices for September outputs, with prices remaining at EGP 4,800/mt ($697/mt) ex-works, including eight percent VAT.
The trading volume has remained at good levels in the local Egyptian
rebar market, while activity for imports is almost non-existent. Meanwhile, the issue of a possible antidumping investigation against Turkish
rebar has not gain clarity yet, and so under these circumstances no new
rebar offers have given from
Turkey to
Egypt.
$1 = EGP 6.89