Egypt-based steelmaker EZZ Steel has increased its domestic rebar price to EGP 9,800/mt ($540/mt) ex-works, including 13 percent VAT, up EGP 195/mt as compared to the steelmaker's domestic rebar price which had previously been announced at EGP 9,605/mt ex-works on March 9.
Other Egyptian steelmakers have revised their domestic rebar prices to the following levels:
Producer | Price (EGP/mt) | Price ($/mt) |
Beshay Steel | 9,750 | 537 |
El Marakby Steel | 9,650 | 531 |
Ashry Steel | 9,625 | 530 |
El Garhy Steel | 9,750 | 537 |
AlGhioshy Steel | 9,650 | 531 |
Egyptian Steel | 9,750 | 537 |
Mısr National Steel Company | 9,650 | 531 |
All prices include 13 percent VAT.
$1 = EGP 18.16