Rebar, billet markets in Egypt kept quiet by foreign currency shortage

The steel billet and rebar markets in Egypt remained very slow in the week ending Thursday, May 25, mainly due to the continuing shortage of foreign currency, sources told Fastmarkets.

Market participants preferred to wait and see because of uncertainty over the future direction of prices and the availability of foreign currency.

Egypt has been suffering from a shortage of...


Serife Durmus

May 25, 2023

16:20 GMT