05
Jan
13:02
Egypt HRC price falls steeply on global trend
Main Egyptian hot rolled coil producer Ezz Steel has reduced its domestic market HRC price for 2mm+ thick and 1,250mm wide base grade DD11 to EGP 14,570/tonne ($925) ex-mill and excluding VAT, for March deliveries.
For local traders, a discount is also applicable, local sources tell Kallanish.
“The [Ezz HRC] reduction is nearly $130/t. Since Asian and Far Eastern mills reduced their HRC prices along with softening freight prices, the company may want to avo…
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Anonymous
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