Egyptian producer EZDK's HRC offers to its domestic market have shown no change as compared to two weeks 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 at $490/mt ex-works on actual weight basis, also indicating no change as compared to two weeks ago.
On the other hand, looking at the import side, HRC offers given from Ukraine to Egypt are at the level of $360-370/mt CFR Egypt on actual weight basis for May shipment, indicating a $20/mt decrease compared to two weeks ago. On the other hand, Egyptian origin HRC offers for export are standing at the base price level of $420/mt FOB Egypt on actual weight basis also for May shipment, indicating a $40/mt decrease compared to two weeks ago.
Despite the sluggish demand in the local flats market, HRC producers in Egypt have not changed their domestic price levels over the past two weeks ago. Instead they have been focusing on the export markets. In addition, CIS origin HRC offers to Egypt are still at attractive levels.