EGYPT STEEL BILLET, REBAR: Market slow amid expectations of duty changes

Demand for steel rebar and billet in Egypt was low during the week ended Thursday July 29 due to market participants' expectations of changes in import duties, sources told Fastmarkets.

Activity in the market resumed this week after the Eid al-Adha holiday celebration last week, and buyers preferred to hold off on placing orders.
Egyptian rebar producers normally announce new prices at the beginning of the month, and some buyers expect prices to decrease in August.

Additionally, the country's Ministry...

Silver outperformance driven by weak supply growth

Supply data still points to major silver deficit this year

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history