Egyptian mill EZDK has increased its January production hot rolled coil (HRC) prices for the local steel market by EGP 250/mt ($43/mt) to the level of EGP 4,000/mt ($689/mt) ex-works, excluding VAT, as compared to the levels for the past month. This is the steelmaker's first price increase in the past six months.
US$1 = EGP 5.803