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Rebar prices decline in Egypt

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

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About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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92 Members

28 Board of Directors

17 Country

300.000 Employees

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