SteelOrbis has been informed by market sources that hot rolled coil (HRC) base prices in the Egyptian domestic flat steel market have decreased by EGP 200/mt ($28/mt) as compared to last month and are now standing at EGP 4,300/mt ($614/mt) ex-works.
Market players state that demand for HRC is low in Egypt as political tensions continue.
$1 = EGP 7.00