According to market sources, domestic rebar prices in Egypt have remained stable during the past week at EGP 11,200-11,650/mt ($646-672/mt) ex-works, including 14 percent VAT. Meanwhile, SteelOrbis has been informed that traders’ domestic rebar prices in Egypt start from the level of EGP 10,800/mt ($623/mt) ex-warehouse.
$1 = EGP 17.33