In the current week, demand in the local Egyptian market for domestic production
rebar has been at medium levels, though demand for import
rebar has been weak. Due to the ongoing problem of foreign exchange availability in
Egypt, buyers are still focusing on purchasing locally produced
rebar, while domestic
rebar prices in the country for May output are currently in the range of EGP 5,600-5,875/mt ($630-661/mt) ex-works, including eight percent VAT.
$1 = EGP 8.89