Egypt-based steelmaker EZZ Steel has reduced its domestic rebar prices to EGP 9,248/mt ($486/mt) ex-works, including 13 percent VAT, down EGP 470/mt as compared to steelmaker’s domestic rebar prices, which had previously been announced at EGP 9,718/mt ex-works on January 17.
$1 = EGP 19.14