Steel prices in Egypt witnessed mixed movements today, with some companies maintaining stability while others recorded increases or declines. Ezz Steel remained stable at EGP 38,200 per ton, while Suez Steel also held steady at EGP 37,900 per ton.
On the other hand, several companies lowered their prices. Beshay Steel dropped to EGP 37,000, down by EGP 800, while Egyptian Steel fell to EGP 37,500, marking a decrease of EGP 1,500. El Komy Steel recorded a sharp decline to EGP 35,000, down by EGP 2,500, while El-Ola Steel decreased to EGP 34,500, losing EGP 1,000.
Meanwhile, other producers raised their prices. Ashry Steel climbed to EGP 35,750, up by EGP 550. Garhy Steel rose to EGP 36,000, gaining EGP 500, and Misr Steel advanced to EGP 35,800, up by EGP 300.
At the same time, El Marakby Steel remained unchanged at EGP 38,100, and El-Gioshy Steel at EGP 35,000 per ton.
Rebar prices were as follows compared to the week before last:
Company | Price in EGP | Indicator w-w | w-w |
Ezz Steel | 38,200 |
| 0 |
Suez Steel | 37,900 |
| 0 |
Beshay Steel | 37,000 |
| -800 |
El Marakby Steel | 37,500 |
| 0 |
Egyptian Steel | 38,100 |
| 100 |
Ashry Steel | 35,750 |
| 550 |
Garhy Steel | 36,000 |
| 500 |
Misr Steel | 35,800 |
| 300 |
El Komy Steel | 35,000 |
| -2500 |
El Ola Steel | 34,500 |
| -1000 |
Al Gioshy Steel | 35,000 |
| 0 |
Prices include 14% VAT
