According to market sources, after
Egypt-based EZZ Steel's announcement of an upward revision of its
rebar prices on December 21,
Egypt-based steelmaker Beshay Steelhas also raised its domestic
rebar prices, increasing them by EGP 580/mt compared to its price levels on December 19 to EGP 10,280/mt ($541/mt) ex-works, including 13 percent VAT.
$1 = EGP 18.99