Rebar prices in the Egyptian market recorded relative stability, with prices this week ranging between EGP 31,500 and EGP 38,200 per ton.
The price of a ton at Ezz Steel reached around EGP 38,200, while Egyptian Steel recorded EGP 38,000 per ton, and Beshay Steel stood at EGP 37,500. Meanwhile, El Marakby Steel posted EGP 35,900 per ton.
Both Ashry Steel and El Ola Steel recorded prices of around EGP 32,100 per ton, while Garhy Steel stood at EGP 35,500.
In terms of price movements, some companies witnessed slight declines; Misr Steel dropped by EGP 100 to EGP 31,500 per ton, while El Komy Steel fell by EGP 500 to reach EGP 32,500 per ton.
Compared to last week, most companies maintained their price levels, while the declines seen in Misr Steel and El Komy Steel reflected pressures linked to supply and demand factors.
This performance comes amid continued anticipation in the local market, alongside close monitoring of global raw material price trends and their impact on the movement of prices in the Egyptian market.
Rebar prices were as follows compared to the week before last:
Company | Price in EGP | Indicator w-w | w-w |
Ezz Steel | 38,200 | 0 | |
Suez Steel | 38,100 | 0 | |
Beshay Steel | 37,500 | 0 | |
El Marakby Steel | 35,900 | 0 | |
Egyptian Steel | 38,000 | 0 | |
Ashry Steel | 32,100 | 0 | |
Garhy Steel | 35,500 | 0 | |
Misr Steel | 31,500 | -100 | |
El Komy Steel | 32,500 | -500 | |
El Ola Steel | 32,100 | 0 | |
Al Gioshy Steel | 32,100 | 0 |
Prices include 14% VAT