According to market sources, after Egyptian steel producer EZZ Steel’s announcement of a downward revision of its rebar prices on January 31, Egypt-based steelmakers Beshay Steel and Solb Misr have announced their domestic rebar prices at EGP 9,150/mt ($482/mt) ex-works and at EGP 9,100/mt ($479/mt) ex-works, respectively, both including 13 percent VAT.
$1 = EGP 18.98