EGYPT STEEL BILLET, REBAR: Lack of demand lowers billet prices, rebar stable

摘要

Steel billet import prices in Egypt continued to fall in the week to Thursday August 9 as buying activity remained limited by the holiday season and the expectation that finished long steel prices will soon drop as a result of lower scrap prices.Metal Bulletin's weekly price assessment for steel billet imported into Egypt was $517-523 per tonne cfr on Thursday, down from $520-525 per tonne cfr.