Egypt’s rebar producers have as expected followed the downward move of the local market leader Ezz Steel. As a result, domestic rebar prices for October in the country are currently ranging within $558-585/mt (EGP 10,400-10,900/mt) ex-works depending on the supplier. In the meantime, wire rod is available in Egypt at $572-574/mt (EGP 10,650-10,700/mt) ex-works, SteelOrbis has learned.
Producer/product |
Prices (EGP/mt) |
Prices ($/mt) |
Ezz Steel |
10,900 |
585 |
Beshay |
10,800 |
580 |
Suez Steel |
10,850 |
582 |
El Marakby Steel |
10,400 |
558 |
Misr Steel |
10,400 |
558 |
Garhy |
10,500 |
564 |
Wire rod |
||
Ezz Steel |
10,700 |
574 |
Suez Steel |
10,650 |
572 |
Prices in Egyptian pounds do not include 14 percent VAT.
$1 = EGP 16.34.