Egypt-based steel producer
EZZ Steel has announced its local and export hot rolled coil (
HRC) offers, with local prices for November production materials remaining unchanged as compared to prices for October output at EGP 4,300/mt ($624/mt) + 11 percent VAT, ex-works.
Meanwhile,
HRC offers from
EZZ Steel to
Turkey can be found in the range of $560-570/mt FOB, while the mills' offers for other European countries are at $565-575/mt FOB. In addition,
EZZ Steel is offering
HRC to the Saudi market at the price level of $580/mt FOB. The mill's
HRC offers for foreign customers exclude VAT and are for December shipments.
$1 = EGP 6.89