SteelOrbis has been informed that Russian origin HRC is being offered to Egypt at the price level of $410/mt C&F, whereas Ukrainian origin HRC is being offered to the same country at $380/mt C&F, both for February shipment.
Meanwhile, it is heard that the Egyptian producers' base prices are at the range of $560-600/mt ex-works excluding ten percent VAT. Although import material is still attractive in the Egyptian flats market, Egyptian producers have been hesitating to compete with imports as the producers have contracts with end-users at the abovementioned price range. The import material prices are lower by $150-210/mt as compared to the local prices.