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Egyptian rebar prices have slid for the second time in May, in line with the downtrend in global ferrous markets, Kallanish notes. At the beginning of May, Ezz Steel led a rebar price reduction, which was followed by other mills. The latest rebar price announcement, made on Sunday, has seen nearly all producers reduce their rebar quotes by 5% versus their previous price lists. "The decline is factoring to the global downward direction in steel prices and sof…
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