SteelOrbis has learned from market sources that Turkish mills' rebar offers to the Egyptian market have declined by $10/mt over the past weekend to $665/mt CFR on actual weight basis for prompt shipments.
Following Egyptian steelmaker EZZ Steel's price decrease of EGP 300/mt ($50/mt) in its domestic rebar prices for November, Egyptian buyers are now stating that they are expecting further price declines in Turkish offers.