Market sources state that Egypt-based steelmakers EZZ Steel and Beshay Steel have increased their December production rebar prices by EGP 80/mt ($12/mt) and by EGP 120/mt ($17/mt) respectively as compared to prices for November outputs, with their prices now standing at EGP 4,950/mt ($719/mt) ex-works and at EGP 4,990/mt ($725/mt) ex-works, including eight percent VAT.
$1 = EGP 6.88