Rebar prices fall in Egypt

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:

Prices are inclusive of 14% VAT