Egyptian mills announce March production rebar offers

SteelOrbis has been informed by market sources that Egypt's Beshay Steel has reduced its March production rebar prices by EGP 110/mt ($16/mt) as compared to its price levels for February output materials to EGP 4,850/mt ($697/mt) ex-works, while another local mill Suez Steel has decreased its rebar prices by EGP 130/mt ($19/mt) over the same period to EGP 4,800/mt ($690/mt) ex-works. The offers include eight percent VAT.
 
$1 = EGP 6.96