Weak demand in Egyptian flats market

Tuesday, 25 May 2010 12:17:25 (GMT+3)   |  
Egyptian producers EZDK and Hadisolb's HRC offers to their domestic market are currently standing at the level of EGP 4,300/mt ($760/mt) ex-works, while Hadisolb's 0.5 mm CRC offers are at EGP 5,200/mt ($919/mt) ex-works. Another Egyptian mill Kandil's 0.5 mm CRC offers are standing at EGP 5,400/mt ($955/mt) and its 0.5 mm 100 gr/m² zinc coated HDG offers are at the level of EGP 5,600/mt ($990/mt) ex-works. All the above prices include VAT.
 
In the local Egyptian market, demand remains weak and Kandil is heard to be decreasing its prices.
 
US$1 = EGP 5.655

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