Ezz Steel said it raised its steel rebar price by 4.3 per cent to $788.1 per tonne (LE4,650) in June on the back of global rises and the hike in imported input prices of aluminium billet.
The leading market producer said that price would range between LE4,800 and LE4,850 for consumers.
The billet world price attained $665 per ton in May against $625 in April, a rise of 6.01 per cent. Imported scrap also soared 1.6 per cent to $432 per ton in May, according to a monthly report from the Metallurgical Industries Chamber.
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