Egyptian rebar producers increase prices again despite IMF intervention on currency

Rebar producers in Egypt added about E£2,000 ($81) per tonne to their prices in effect from Sunday, December 18, in response to the continued weakening of the Egyptian pound in currency markets, local producers and traders told Fastmarkets this week.

The country’s biggest producer Ezz Steel is offering rebar at E£23,450 per tonne ex-works, rising from the previous price of E£21,450 per tonne ex-works.

Its...

Published

Serife Durmus

December 19, 2022

11:51 GMT

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