Egypt's Ezz Steel announced to keep its prices for hot rolled coils (HRC) unchanged at US$683/ton for September. The company said that it is because the local market demand has recovered after the violence. Ezz Steel also remains its export base price for St37 grade HRC at US$580/ton FOB to Gulf Cooperation Council buyers. A market stock said that people are back asking for material. Yet, foreign currency shortage will continue to blight the economy and might harm the steel market.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66121&division=A2
