While domestic rebar consumption in Egypt had revived slightly in the month of June, as a result of somewhat livelier construction activity, the upturn was followed by a drastic fall in July both month on month and year on year.
According to sources, in June this year Egypt consumed 607,000 mt of steel rebar, up 8.56 percent from May but down 7.75 percent year on year.
The demand in July has witnessed a significant drop, down by 32.92 percent from June to 407,000 mt. In the meantime, as compared to July last year, the decrease was 7.2 percent, SteelOrbis has learned.
