According to market sources, Egyptian steel producer
EZZ Steel has increased its
rebar prices by EGP 1,005/mt compared to its previous prices on February 17 to EGP 9,605/mt ($537/mt) ex-works, including 13 percent VAT.
Meanwhile, another
Egypt-based steelmaker Beshay Steel has announced its domestic
rebar prices at EGP 9,650/mt ($550/mt) ex-works, indicating an EGP 550/mt rise month-on-month, also including 13 percent VAT.
$1 = EGP 17.55