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Egypt’s rebar mills face big challenge

Turkey’s rebar producers are shifting the target to Egypt because the demand in Middle East is becoming worst.

The current Turkish rebar offer is US$450~$460/ton and may fall further.

Ezz Steel’s recent rebar price is US$606/ton which is much higher than Turkish, but it’s said that Ezz may reduce the price to make their price more competitive. Source: Yieh.com

Mar 3, 2009 12:38
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