Stability in local Egyptian flat steel market

SteelOrbis has been informed that, in the local Egyptian flat steel market, hot rolled coil (HRC) prices are standing at the level of EGP 3,750/mt ($658/mt) and offers of cold rolled coil (CRC) of 1 mm thickness are at EGP 5,150/mt ($904/mt), while offers of 0.5 mm 120 gr/m² zinc coated hot dip galvanized (HDG) are standing at the level of EGP 5,500/mt ($965/mt). All the above prices include 10 percent VAT. In the local Egyptian market, hot and cold rolled coil prices have remained unchanged, while galvanized product prices have shown a decrease of EGP 200/mt ($35/mt).
 
US$1 = EGP 5.70