Rebar prices in Egypt witnessed a decline after rising at the beginning of the week, as a result of foreign currency rates in the parallel market. It decreased between EGP 5,250 – EGP 10,200 compared to prices at the beginning of the week.
The prices were as follows: Ezz Steel EGP 49,920, Suez Steel EGP 49,920, Bishay Steel EGP 42,900, El Marakby Steel EGP 55,250, Egyptian Steel EGP 49,920 , Ashry Steel EGP 59,000, Garhy Steel EGP 49,750, Misr Steel EGP 49,500, El Komy Steel EGP 48,000, El Ola Steel EGP 58,500 and Al Gioshy Steel EGP 49,000.
Today steel prices are as follows:
Company | Price in EGP | Indicator w-w | w-w |
Ezz Steel | 49,920 | -5,360 | |
Suez Steel | 49,920 | -5,360 | |
Beshay Steel | 42,900 | 0 | |
El Marakby Steel | 55,250 | 0 | |
Egyptian Steel | 49,920 | +5,420 | |
Ashry Steel | 59,000 | 0 | |
Garhy Steel | 49,750 | -5,250 | |
Misr Steel | 49,500 | -9,500 | |
El Komy Steel | 49,500 | -10,200 | |
El Ola Steel | 58,500 | 0 | |
Al Gioshy Steel | 49,000 | -10,000 |
Prices include 14% VAT