egypt may return payment regulations for import procedures

摘要

A drop in Indian Mn alloy prices affected pricing in North africa. Indian SiMn (65 Mn; 16 Si) was on offer in North africa at $1,490-1,530/t CIF in May ($1,650-1,730/ t CIF in April). Apart from Ramadan in April, Egypt’s steel sector was impacted by unsteady fundamentals and economy issues. Egypt cut steel production to 741,900 t in April (–8 month-on-month,—9.5 year-on-year) due to weaker rebar demand (503,200 t; –36 m-o-m). on top of that, the market slowed amid the financial regulations introduced this February.