In the latest update from SteelRadar, data reveals continued volatility in rebar prices across major manufacturers in Egypt. Comparing prices from March 31 to April 8, 2025, and analyzing changes since April 7 (yesterday), the market shows a mix of declining and stable trends, reflecting ongoing economic challenges and global dynamics.
The downward trend observed between March 31 and April 7 has continued into April 8. Leading manufacturers like Ezz Steel , Suez Steel , and Egyptian Steel saw further declines in rebar prices.
- Ezz Steel dropped by 12 USD/MT (from 742 on April 8).
- Suez Steel decreased by 12 USD/MT (from 741 on April 8).
Many companies experienced additional price drops compared to April 7;
- El Marakby fell by an additional 1 USD/MT (from 700 on April 8).
- Madina Steel decreased by an additional 1 USD/MT (from 690 on April 8).
- Arco Steel declined by an additional 1 USD/MT (from 695 on April 8)
Some companies maintained relatively stable prices despite the overall downward trend;
- Al Komy steel remained unchanged at $648/MT .
- Misr Steel stayed steady at $652/MT .
- Bianco steel held steady at $642/MT .
- Antar Steel continues to defy the trend with a significant increase of 19 USD/MT (from 661 on April 8). This could indicate supply constraints or strategic pricing adjustments.
- Similarly, Al Gyoshi Steel increased its price by 13 USD/MT (from 651 on April 8), suggesting potential demand-driven factors or regional variations.
(Inc %14)
USD 1 = EGP 51.45
USD 1 = EGP 51.20
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