Consistent pricing among industry leaders in the Egyptian rebar market

In Egypt, the rebar market exhibited stability this week, with prices maintaining a range of EGP 36,500 to EGP 40,500. Among the major players, Ezz Steel and Bishay Steel both priced their rebar at EGP 40,700, indicating a level of consistency in the market.

Here’s a breakdown of the key players and their respective prices;

Ezz Steel, EGP 40,700 per tonne
Suez Steel, EGP 40,500 per tonne
Bishay Steel, EGP 40,700 per tonne
El Marakby Steel, EGP 40,500 per tonne
Egyptian Steel, EGP 40,600 per tonne
Ashry Steel, EGP 39,500 per tonne
Garhy Steel, EGP 40,000 per tonne
Misr Steel, EGP 37,300 per tonne
El Komy Steel, EGP 37,000 per tonne
El Ola Steel, EGP 36,500 per tonne
Al Gioshy Steel, EGP 37,000 per tonne

*1 USD = 47.33 EGP* 

These prices include the standard 14% value-added tax (VAT) applicable in Egypt.

This stability indicates a balanced market with no significant fluctuations in supply and demand. Factors such as construction activity, raw material costs, and government regulations likely contributed to this steady pricing environment. It also reflects the resilience of the Egyptian rebar industry amid economic uncertainties, providing a sense of assurance to stakeholders in the construction sector. However, slight variations among manufacturers indicate ongoing competition and market dynamics, ensuring consumers have options while maintaining overall stability in prices.