It’s reported that EZZ Steel and Beshay Steel, the two major rebar producers in Egypt will cut rebar prices by EGP150/ton to EGP4, 800/ton for August, due to weak demand in Ramadan.
Meanwhile, the Turkish rebar producers offered rebar quoted at US$610/ton CFR to Egypt.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65612&division=A4
