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:
|El Garhy Steel||17,300|
Prices are inclusive of 14% VAT