Higher scrap values push up imported billet prices in Egypt, domestic rebar prices stable

Steel billet import billet prices in Egypt increased by 4.29% in the week to Thursday November 30, mainly because of higher international scrap costs, sources told Fastmarkets, but domestic rebar prices remained largely unchanged.

Imported billet
Imported billet, mainly from Russia, was on offer at $535-550 per tonne CFR, up from $525-540 per tonne CFR in the week to November 23.

A deal for...

Published

Darina Kahramanova

November 30, 2023

17:54 GMT

Sofia