According to market sources, Egypt-based steelmaker EZDK Steel has increased its domestic rebar prices by EGP 800/mt compared to price levels recorded on August 7 to EGP 11,550/mt ($650/mt) ex-works, including fourteen percent VAT.
Other Egyptian steelmakers have revised their domestic rebar prices to the following levels:
|
Producer |
Price (EGP/mt) |
Price ($/mt) |
|
Suez Steel |
11.400 |
641 |
|
Beshay Steel |
11.514 |
648 |
|
Egyptian Steel |
11.450 |
644 |
|
El-Marakby Steel |
11.400 |
641 |
All prices include 14 percent VAT.
$1 = EGP 17.78