Egyptian rebar buyers not inclined to purchase imports

SteelOrbis has learned from market sources that rebar prices in the Egyptian domestic market have continued to remain unchanged at around EGP 4,600/mt ($763/mt) ex-works. Meanwhile, Egyptian buyers have turned to the domestic market for purchases, since due to market instability they prefer not to buy imported material for the time being.
 
The rebar market has been quiet for a while now in Egypt and no new offers to the country have been heard. In this context, local buyers say they will base their strategy on demand levels in the market.
 
$1 = EGP 6.03