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Rebar prices rise in Egypt after a 6-month stable

Prices, Steel News

Rebar prices rise in Egypt after a 6-month stable

 

After a long period of stability in rebar prices in Egypt, which lasted for 6 months (mid-May), the major steel mills raised their prices for the month of October.

 

Surging prices for raw materials, semis and finished products globally were the main reason for the decision.

 

This time, the rise was uneven, between EGP 400- 000 / ton, depending on the factory, while some raised the price by EGP 1000 / ton, other factories increased by EGP 800 / ton and the third by EGP 400 / ton.

 

Rebar prices according to the published prices.

 

Company EGP/ton change
Ezz Steel 15,000 +400
Suez Steel  14,900 +400
Beshay Steel 15,300 +800
Elgarhy Steel 15,250 +800
El-Marakiby steel 15,350 +1000
Egyptian Steel 14,900 +400
Misr Steel 15,350 +1000

 

 

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