EGYPT STEEL REBAR, BILLET: Billet import price falls as safeguard uncertainty stifles buying activity

摘要

The steel billet import price in Egypt fell in the week to Thursday August 22, with market activity limited because buyers want to wait until the court makes a decision on safeguard duties. Egypt’s Administrative Court suspended the temporary duties in July, prompting a flurry of court activity, which eventually led to the final session to discuss the matter being scheduled for August 4. That meeting has now been postponed for the second time and is now due to take place on August 24.