The Middle East's biggest independent steel maker, Al Ezz Steel Rebars expects Egyptian steel prices to rise in 2010, amid increased demand from home builders and infrastructure projects, Bloomberg has reported. The company had increased its ex-factory steel price in January by 3.4% to EGP3,050 per tonne from EGP2,950 per tonne, Kamel Galal, head of investor relations at Al Ezz said.
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