Trading activity in the local Egyptian rebar market has been at low levels due to Ramadan, with demand in the market characterized by weakness over the past seven days. In the same period, Egyptian rebar producers have kept their rebar prices stable at EGP 12,525-12,996/mt ($699-726/mt) ex-works. Market sources state that demand in the local Egyptian rebar market is not expected to improve until after Ramadan.
$1 = EGP 17.91