The Egyptian steel market currently reflects a blend of consistency and variability. Major companies such as Ezz Steel, Suez Steel, and Beshay Steel are anchoring stability, which offers predictability and confidence to large-scale construction and infrastructure projects. Conversely, fluctuations seen in companies like El Marakby Steel, Garhy Steel, and El Ola Steel suggest adaptation to changing market dynamics or competitive positioning.
Current Price Overview:
Ezz Steel maintaining stability, the price remains at 38,200 EGP (779 USD) with no week-over-week change.
Suez Steel similarly, Suez Steel's price holds steady at 38,100 EGP (777 USD), unchanged from the previous week.
Beshay Steel consistent with its past performance, Beshay Steel's price stays at 40,700 EGP (830 USD).
El Marakby Steel a notable decrease, with prices dropping by 700 EGP to 36,800 EGP (751 USD).
Egyptian Steel the price remains stable at 38,100 EGP (777 USD).
Ashry Steel keeping steady at 35,500 EGP (724 USD)with no fluctuations observed.
Garhy Steel a slight decrease of 400 EGP, bringing the price to 36,800 EGP (751 USD).
Misr Steel the price remains constant at 35,500 EGP (724 USD).
El Komy Steel a minor decrease of 300 EGP, with the price now at 35,700 EGP (728 USD).
El Ola Steel an increase of 300 EGP, raising the price to 35,300 EGP (720 USD).
Al Gioshy Steel the price remains unchanged at 35,000 EGP (714 USD).
1 USD = 49.000 EGP
Prices include a 14% Value Added Tax (VAT), indicating these are final consumer prices. This tax inclusion is particularly crucial for construction companies and developers who need to budget accurately for large projects.
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