Egypt’s rebar mills revise domestic offers as expected

Wednesday, 09 October 2019 10:57:44 (GMT+3)   |   Istanbul
       

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)

Rebar

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.

 


Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

US import rebar market remains quiet

26 Mar | Longs and Billet