In the meantime, HRC prices in the local Egyptian market stand at EGP 4,100/mt ($676/mt) ex-works. Meanwhile, ex-Egypt August output HRC offers are at $640-660/mt FOB base level.
$ 1 = EGP 6.065
Egyptian traders start to stock up HRC for post-Ramadan period
Hot rolled coil (HRC) demand has started to slow down in the Egyptian flat steel market due to the local steel mill EZDK's downward price revision in early July and also due to the approach of Ramadan. However, market players claim that the volume of price inquires has not yet decreased significantly. Demand is expected to strengthen after Ramadan, while traders have already started to stock up ahead of this anticipated improvement in demand.
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.