SteelOrbis has learned from market sources that Egyptian traders' domestic rebar prices have remained unchanged since last week at EGP 4,870/mt for deliveries to customer, inclusive of eight percent VAT. This price is equivalent to $648/mt excluding VAT.
On the other hand, rebar offers from Turkey to Egypt have risen by $10/mt in the past week to $575-585/mt FOB or $590-600/mt CIF. Turkish mills' upward price adjustment came as a result of the strong rebar demand in Egypt and the ongoing firmness of scrap prices. However, no booking has been heard at these new higher prices.
$1 = EGP 6.964
High demand for rebar in Egypt
Marketplace Offers
Deformed Bar
Diameter
6 - 32 mm
ES ISO 6935-2 2019 B500BWR , ASTM A615 GR 60
Tedarikçi
YOTTA TRADING