Rebar prices recorded a new decline today in Egypt, as iron prices in the local market decreased by a value ranging between 500-600 pounds per tonne from the costs of last June. Ahmed El-Ziny, Head of the Building Materials Division at the Cairo Chamber of Commerce, indicated that iron prices peaked in April, during which the price of a tonne reached about 20,920 pounds, while the costs of iron recorded successive declines in April, May, June, and July.
Today's rebar prices are as follows:
Company | EGP/ton |
Ezz Steel | 17,670 |
Suez Steel | 17,570 |
Beshay Steel | 17,500 |
El Garhy Steel | 17,300 |
El-Marakiby steel | 17,550 |
Misr Steel | 17,450 |
Egyptian Steel | 17,570 |
AlGioshy Steel | 17,300 |
Prices are inclusive of 14% VAT