Egypt's rebar production from January to April of this year amounted to 2.216 million tonnes, a decline of 25% compared to the same period last year when it produced 2.955 million tonnes, affected by the unavailability of raw materials. Egypt's rebar sales from January to April 2023 amounted to about 1.766 million tonnes, declining by 33.3% compared to the same period last year, which amounted to 2.648 million tonnes. The average rebar prices were EGP 25,000 ($837.5) in January, EGP 27,100 ($887.4) in February, EGP 28,800 ($931.8) in March, and EGP 33,800 ($1093.1) in April. The price increase in the local currency compared to 2022 is due to the increase in the exchange rate of the dollar in Egypt, starting from 2023.
Rebar production in Egypt from January to April 2023
Month | 2023 | 2022 | Changes % |
January | 660.2 | 646.1 | 2.2% |
February | 533.6 | 671.6 | -20.5% |
March | 548.7 | 900.8 | -39.1% |
April | 473.5 | 736.8 | -35.7% |
Total | 2216 | 2955.3 | -25.0% |
Rebar sales in Egypt from January to April 2023
Month | 2023 | 2022 | Changes % |
January | 546.9 | 658.8 | -17.0% |
February | 434.9 | 696.4 | -37.6% |
March | 447.5 | 790.1 | -43.4% |
April | 337.6 | 503.2 | -32.9% |
Total | 1766.9 | 2648.5 | -33.3% |
Rebar prices in Egypt from January to April 2023
Month | 2023 | Dollar price | Price in dollard | 2022 | Dollar price | Price in dollard |
January | 25,041 | 29.90 | 837.5 | 15,104 | 15.77 | 957.8 |
February | 27,154 | 30.60 | 887.4 | 15,104 | 15.77 | 957.8 |
March | 28,838 | 30.95 | 931.8 | 16,968 | 18.33 | 925.7 |
April | 33,832 | 30.95 | 1093.1 | 20,493 | 18.50 | 1107.7 |