Flats prices continue to decrease in Egypt

Thursday, 12 March 2009 16:52:09 (GMT+3)   |  
Egyptian producer EZDK's HRC offers to its domestic market have shown a total decrease of $110/mt as compared to two months ago and are currently standing at the level of $535/mt ex-works on actual weight basis. Meanwhile, HRC offers given by another Egyptian producer Hadisolb to the local market are currently standing in the range of $490/mt ex-works on actual weight basis, indicating a decline of $115/mt as compared to two months ago.

On the other hand, looking at the import side, HRC offers given from Italy to Egypt are at the level of $410-420/mt CFR on actual weight basis, while Ukrainian origin HRC offers are standing at $380/mt CFR Egypt on actual weight basis.

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