Egypt’s rebar market has experienced a mix of price fluctuations in recent weeks, reflecting the country’s ongoing economic challenges and global supply chain dynamics. According to the latest data from SteelRadar, as of May 19, 2025, several major manufacturers have adjusted their prices, with some seeing increases while others recorded declines.
The data, compiled by SteelRadar highlights significant changes across various companies operating in the Egyptian steel industry. Here are the key observations:
Ezz Steel, Suez Steel, and Egyptian Steel maintained their prices at EGP 38,200 per metric ton (MT) and USD 762 per MT, showing no change compared to April 30.
Companies like El Marakby , Madina Steel , and Al Ashry Steel saw slight increases, with prices rising by USD 11 to USD 10 per MT.
Arco Steel and Al Garhy Steel also reported marginal price hikes, aligning with broader market trends.
Beshay Steel experienced a notable drop in prices, reducing its rebar cost from EGP 38,100/MT to EGP 37,500/MT, translating to a decrease of USD 1 per MT.
Misr Steel and Midit Helwan recorded more substantial declines, with Misr Steel dropping its price by USD 20 per MT and Midit Helwan by USD 26 per MT.
Other companies such as El Ola Steel, Antar Steel and Al Gyoshi Steel also witnessed discounts ranging between USD 24 and USD 30 per ton, respectively.
Egypt’s economy continues to face challenges, including inflation, currency depreciation, and rising input costs. These factors directly impact the steel industry, influencing both production costs and consumer behavior.
The Central Bank of Egypt’s monetary policies, such as interest rate adjustments, also play a role in shaping market dynamics.
Global steel prices are influenced by factors such as raw material availability, geopolitical tensions, and trade policies. Egypt, being a net importer of steel, is particularly sensitive to these external forces.
Fluctuations in iron ore and coal prices, coupled with shipping costs, can ripple through the local market, affecting manufacturer pricing.
USD1= EGP 50.15
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