Egypt-based steelmaker
EZZ Steel has further reduced its domestic
rebar price to EGP 8,600/mt ($535/mt) ex-works, including 13 percent VAT, down EGP 400/mt as compared to the steelmaker's domestic
rebar price which had previously been announced at EGP 9,000/mt ex-works on February 1.
$1 = EGP 16.09