You are here: Home > Steel News > Latest Steel News > Egyptian...

Egyptian domestic rebar demand declines in May

Wednesday, 16 June 2021 16:56:36 (GMT+3)   |   Istanbul
       

The Egyptian market saw a significant downturn in local rebar demand in May compared to April, but still recorded an impressive increase in the year-on-year comparison.

According to sources, in May Egypt consumed 559,000 mt of steel rebar, versus 677,000 mt sold in April, indicating a 17.42 percent decline. Lower business and construction activity have been indicated as the key reasons for the downturn. In addition, the Ramadan period also had a certain impact, SteelOribis understands.

In the meantime, as compared to May 2020, demand in May this year increased by almost 80 percent, taking into account that last year the spread of Covid-19 and resulting restrictive measures peaked in Egypt during the April-May period.

 


Similar articles

Turkish longs export prices down $10/mt, Balkans targeted currently

14 Nov | Longs and Billet

Romanian long steel prices still stable despite slower trade

14 Nov | Longs and Billet

Turkish domestic rebar spot prices decrease significantly

14 Nov | Longs and Billet

Turkey’s Icdas announces its longs prices

14 Nov | Longs and Billet

Major steel and raw material futures prices in China – November 14, 2024 

14 Nov | Longs and Billet

Major steel and raw material futures prices in China – November 13, 2024 

13 Nov | Longs and Billet

Local Indian rebar prices improve slightly amid a few large bookings by EPC companies

12 Nov | Longs and Billet

India’s Welspun Corp sees 26% fall in net profit in Q2 FY 2024-25

12 Nov | Steel News

Major steel and raw material futures prices in China – November 12, 2024 

12 Nov | Longs and Billet

MOC: Average steel prices in China up slightly during Oct 28-Nov 3

12 Nov | Steel News