Egyptian rebar prices edge up on improved demand; imported billet prices fall

Prices for rebar in Egypt edged up in the week to Thursday September 28, amid an increase in consumption, but imported steel billet prices fell, with buyers still constrained by lack of foreign currencies, sources told Fastmarkets.

Despite record rebar consumption for 2023 so far in August, demand for rebar and billet products remains comparatively low year on year, with buyers preferring local billet over imports due...