EGYPT STEEL REBAR, BILLET: Billet import price falls as safeguard uncertainty continues

摘要

The import price for steel billet in Egypt fell in the week ended Thursday August 29, with market activity limited because buyers want to wait until a court decides on the imposition of an import safeguard duty and prices hit bottom. Egypt’s Administrative Court suspended temporary safeguarding duties on billet and rebar in July, prompting a flurry of legal activity, which eventually led to the scheduling of a final session to discuss the matter on August 4. That meeting has now been postponed for a third time and is now due to take place on September 8.