Egypt-based steelmaker EZZ Steel has further reduced its domestic rebar price to EGP 9,000/mt ($477/mt) ex-works, including 13 percent VAT, down EGP 248/mt as compared to the steelmaker’s domestic rebar price which had previously been announced at EGP 9,248/mt ex-works on January 31.
$1 = EGP 18.98