Flat steel prices in local Egyptian market

In the Egyptian domestic flat steel market, demand has maintained its normal level. In the local Egyptian market, cold rolled coil (CRC) and HDG prices have been trending sideways, since Egyptian producer EZDK has not changed its prices for a long time. Egyptian producers' HRC offers to their domestic market are currently standing at the level of EGP 3,750/mt ($649/mt) ex-works, while offers for 0.5 mm CRC are at EGP 4,800-5,000/mt ($831-865/mt) ex-works and offers for 0.5 mm 100 gr/m² zinc coated HDG are at the level of EGP 5,500-5,600/mt ($952-969/mt) ex-works. All the above prices include VAT.
 
US$1 = EGP 5.778