SteelOrbis has been informed by market sources that Egypt's EZZ Steel has kept its February production rebar prices stable as compared to price levels for January output materials at EGP 4,950/mt ($710/mt) ex-works, while another local mill Beshay Steel has also kept its rebar prices unchanged over the same period, with prices remaining at EGP 4,960/mt ($712/mt) ex-works. The offers include eight percent VAT.
$1 = EGP 6.97