SteelOrbis has been informed by market sources that Egyptian steelmaker EZZ Steel has lowered its January production rebar prices by EGP 120/mt ($16.78/mt) as compared to its price levels for December output materials to EGP 4,730/mt ($662/mt) ex-works.
Meanwhile, EZZ also reduced its January production wire rod prices, decreasing them by EGP 170/mt ($23.78/mt) as compared to its price levels for December output materials to EGP 4,680/mt ($656/mt) ex-works.
Both prices including eight percent VAT.
$1 = EGP 7.15