Egyptian mill EZDK, which was previously selling HRC to the export markets at the level of $600/mt FOB, has started to ask for $605/mt FOB for December rolling HRC. It is heard that the producer concluded HRC sales to the Saudi Arabian market. Meanwhile, the local HRC price level in the Egypt market is currently at EGP 3,150/mt ($567/mt).
US$1 = EGP 5.55200