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Egypt steel rebar imports slid 80% in 8 months- The 19th China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
9/27/2017 金属板材展-棒材-线材展 -plate metal expo-wire expo |
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Amwalalghad reported that Egypt’s imports of reinforcing bar, or rebar, have fallen sharply over the first eight months of this year. Mr George Matta, corporate marketing officer at Ezz Steel told Amwal Al Ghad that the January to August total was 300,000 tonnes, down 80 percent on last year’s equivalent figure. He added that the year-on-year drop in tonnage terms was 961,000.
The official explained that the decline was due to the rebar growing prices, as it is offered at around USD 575, or 11,567 pounds before duties, and 12,616 pounds after, compared to local price of 11,975 pounds.
Another factor Matta highlighted was the Egyptian government’s anti-dumping duties on the imported rebars.
-- The 19th China (Guangzhou) Int’l Plate
metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
Plate metal exhibition, Plate metal
expo,2018 Plate metal exhibition,2018 Plate metal expo, Bar exhibition, Bar
expo,2018 Bar exhibition,2018 Bar expo, China Bar exhibition, China Bar expo,
wire exhibition, wire expo,2018 wire exhibition,2018 wire expo, Metal
Processing exhibition, Metal Processing expo,2018 Metal Processing
exhibition,2018 Metal Processing expo, China Metal Processing exhibition, China
Metal Processing expo.
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