During the past two weeks, Egypt-based steelmaker EZZ Steel's domestic rebar prices have increased by EGP 1,198/mt ($135/mt) to EGP 8,548/mt ($963/mt) ex-works, including 13 percent VAT. Market sources state that other Egyptian steel mills are also expected to raise their domestic rebar quotations in the coming period.
$1 = EGP 8.88