Rebar market in Egypt has been observing remarkable price volatility in recent weeks. Prices have fluctuated between EGP 36,500 and EGP 40,700, reflecting the dynamic market structure.
Ezz Steel: EGP 40,700
Suez Steel: EGP 40,500
Bishay Steel: EGP 40,700
Egyptian Steel: EGP 40,600
El Marakby Steel: EGP 39,000
Ashry Steel: EGP 38,500
Garhy Steel: EGP 38,500
El Komy Steel: EGP 37,800
Misr Steel: EGP 37,500
El Ola Steel: EGP 36,700
The prices listed above are inclusive of a 14% Value Added Tax (VAT), reflecting the total cost to consumers.
Recent Adjustments
In addition to the standard pricing, recent updates from additional companies reveal incremental price increases:
El Komy Steel: EGP 37,800, marking a rise of EGP 1,300
El Ola Steel: EGP 36,700, up by EGP 700
Al Gioshy Steel: EGP 36,500, showing an increase of EGP 200
These adjustments highlight a general upward trend in the market, with varying degrees of increase among different suppliers. The observed increase in rebar prices across several companies indicates a strengthening market for steel products in Egypt. Overall, rebar price volatility reveals an evolving market situation with significant variability among different steel suppliers.
Ezz Steel Company also has announced that it will maintain its current pricing for flat steel at EGP 41,700 per ton for the fifth consecutive month in 2024. This decision underscores the company’s commitment to price stability amidst fluctuating market conditions. Prices include VAT, ensuring transparency for customers.
This consistent pricing strategy is expected to provide a reliable benchmark for the construction and manufacturing sectors, which rely heavily on steel products. By maintaining stable prices, Ezz Steel aims to support its clients in planning and budgeting for their projects without the uncertainty of sudden price hikes.
*1 USD = 48.96 EGP*
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