Rebar producers in Egypt have continued following the price uptrend initiated earlier by the local giant Ezz Steel. As a result, more price revisions have been seen in the market since late last week. Some producers have pulled up their offers by $11/mt (EGP 200/mt) since earlier this month, while some have attempted a higher increase, of $14-22/mt (EGP 250-400/mt), depending on the suppliers’ positions. Market sources indicate that, despite some improvement in demand, the level of rebar stocks at the producers' side remains significant.
|
Producer |
Prices (EGP/mt) |
Prices ($/mt) |
Price change (EGP/mt) |
Price change ($/mt) |
|
Beshay |
10,350 |
564 |
+200 |
+11 |
|
Garhy Steel |
10,000 |
545 |
+400 |
+22 |
|
El Marakby Steel |
9,850 |
537 |
+250 |
+14 |
|
Ezz Steel |
10,370 |
565 |
0 |
0 |
Prices in US dollars do not include 14 percent VAT
$1 = EGP 16.1