It is observed that domestic rebar prices in Egypt have made a downward start to the current week. Demand in the local Egyptian rebar market is at low levels, while domestic rebar prices have moved down by EGP 550-850/mt week on week to EGP 11,000-11,600/mt ($625-659/mt) ex-works with the influence of the decreases in ex-CIS billet quotations.
$1 = EGP 17.60