Rebar prices in Egypt recorded a new decline today, as iron prices in the local market decreased by 1000 pounds per ton.
Ahmed El-Ziny, Head of the Building Materials Division at the Cairo Chamber of Commerce, indicated this decline is due to the drop in international prices of billet by $150 per ton.
Rebar prices May 23, 2022, were as follows:
| Company | EGP/ton |
| Ezz Steel | 18,170 |
| Suez Steel | 18,070 |
| Beshay Steel | 18,075 |
| Elatal Steel | 18,050 |
| El-Marakiby steel | 17,850 |
| Alshry Steel | 18,000 |
| Misr Steel | 18,000 |
Prices are inclusive of 14% VAT
