Egyptian mill Kandil's flats prices on ex-works basis and excluding VAT in its domestic market are as follows:
Product |
Price |
CRC 0.5 mm |
EGP 4,200/mt ($757/mt) |
HDG 0.5 mm 100 gr/m² zinc coated |
EGP 4,600/mt ($829/mt) |
HDG 1 mm 100 gr/m² zinc coated |
EGP 4,360/mt ($786/mt) |
Meanwhile, 0.5 mm 100 gr/m² zinc coated HDG offers given from India to Egypt are standing at $800/mt CFR for late September/October shipments.
Due to the approach of Ramadan, flats prices in Egypt are observed to be moving on a stable trend. The possibility that prices may decrease in the coming period has led traders to adopt a wait-and-see stance.
US$1 = EGP 5.54650