Egyptian steelmakers increase domestic rebar offer prices

Major rebar producers in Egypt increased their domestic offer prices on Tuesday March 7, several mill sources told Fastmarkets, mainly due to rising production costs, but also because of improving domestic demand.

The country’s biggest producer Ezz Steel is now offering rebar at E£29,285 ($950) per tonne ex-works, including 14% VAT, up by E£2,300...