SteelOrbis has been informed by market sources that
Egypt's
EZZ Steel has kept its January production
rebar prices stable as compared to its price levels for December output materials at EGP 4,950/mt ($712/mt) ex-works, while another local mill Beshay Steel has decreased its
rebar prices by EGP 30/mt ($4/mt) over the same period to EGP 4,960/mt ($714/mt) ex-works. The offers include eight percent VAT.
$1 = EGP 6.95