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A report on the production, sales and prices of rebar in Egypt from January to April 2023

Egypt’s rebar production from January to April of this year amounted to 2.216 million tonnes, a decline of 25% compared to the same period last year when it produced 2.955 million tonnes, affected by the unavailability of raw materials.

Egypt’s rebar sales from January to April 2023 amounted to about 1.766 million tonnes, declining by 33.3% compared to the same period last year, which amounted to 2.648 million tonnes.

The average rebar prices were EGP 25,000 ($837.5) in January, EGP 27,100 ($887.4) in February, EGP 28,800 ($931.8) in March, and EGP 33,800 ($1093.1) in April. The price increase in the local currency compared to 2022 is due to the increase in the exchange rate of the dollar in Egypt, starting from 2023.

Rebar production in Egypt from January to April 2023

Month 2023 2022 Changes %
January 660.2 646.1 2.2%
February 533.6 671.6 -20.5%
March 548.7 900.8 -39.1%
April 473.5 736.8 -35.7%
Total 2216 2955.3 -25.0%

 

Rebar sales in Egypt from January to April 2023

Month 2023 2022 Changes %
January 546.9 658.8 -17.0%
February 434.9 696.4 -37.6%
March 447.5 790.1 -43.4%
April 337.6 503.2 -32.9%
Total 1766.9 2648.5 -33.3%

 

 

Rebar prices in Egypt from January to April 2023

Month 2023 Dollar price Price in dollard 2022 Dollar price Price in dollard
January 25,041 29.90 837.5 15,104 15.77 957.8
February 27,154 30.60 887.4 15,104 15.77 957.8
March 28,838 30.95 931.8 16,968 18.33 925.7
April 33,832 30.95 1093.1 20,493 18.50 1107.7

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