Egypt is like other countries in the world that are taking all measures to combat the Corona virus COVID 19 epidemic.
However, the state has taken some measures to mitigate the impact of the repercussions of the epidemic to achieve commercial recovery in the country, but the demand for rebar is still weak as a result of weak demand in the construction sector and its limitation to huge projects undertaken by the state.
So, the suppliers, who are very aware of the situation, made some special offers to contracting companies such as Ezz Steel and Suez Steel Company.
As for the official rebar offers, they ranged between 9,400 - 10,214 pounds / ton (522 - 567 / ton) delivered to the factory floor, compared to 9,500 - 10,214 pounds ($ 527 - 567 / ton) a month ago, relatively unchanged.
Prices are in Egyptian pounds, including 14% value-added tax.
1 dollar = 15.79 Egyptian pounds, unchanged throughout the month.