Egypt`s Beshay Steel announces sharp rise in domestic rebar price

Egyptian long steel producer Beshay Steel has increased its rebar price to E£27,360 ($997) per tonne ex-works, including 14% value-added tax, Egyptian sources told Fastmarkets on Monday, January 9.

The company`s previous price for rebar had been E£24,000 per tonne ex-works since mid-December.

Rebar market participants in Egypt said Beshay Steel's long steel price hike was...

Published

Serife Durmus

January 10, 2023

10:55 GMT

Bursa