Billet traders in Egypt are expecting business to slump, as the Egyptian government signed an order to ban steel billet trading in the country. Discussions between government agencies, integrated steel producers and independent re-rollers lasted for months before the government decided to enforce the ban. The order, signed on March 3 and effective from March 4, prohibits traders from importing billets into Egypt but allows independent re-rollers or companies with rolling mills to directly import…
Source URL: Egypt Enforces a Ban on Steel Billet Trading
Source Website: Advance Engineering – Engineering.com