SteelOrbis has learned from market sources that export offers of Egyptian producer Kandil Steel for hot dip galvanized coil (HDG) are at $750/mt FOB, while the mill’s cold rolled coil (CRC) offers are standing at $700/mt FOB. Market sources say that demand for ex-Egypt HDG is quite strong.
Meanwhile, it is stated that foreign buyers find Egyptian CRC export offers to be on the high side and these offers are struggling to compete with ex-Romania offers.