Egyptian rebar producers maintain price stability despite market pressures

Rebar prices in Egypt have experienced minimal fluctuations over the past few weeks, reflecting a period of market equilibrium, according to the latest data from leading steel analytics platform SteelRadar.

As of March 31, 2025 and April 16, 2025, most of the major rebar producers in Egypt reported insignificant changes in their prices. For example: Ezz Steel, one of the largest producers, showed no significant movement, maintaining its price at EGP 38,200/MT (USD 749/MT).
Similarly, Suez Steel and Egyptian Steel kept their prices stable at EGP 38,100/MT (USD 747/MT).

While most companies showed stability, a few producers made minor adjustments. For example: El Marakby increased its price by EGP 15/MT (USD 0.40/MT) to EGP 37,000/MT (USD 725/MT).
Midi Steel increased its price by a significant EGP 3,500/MT (USD 91/MT) to EGP 35,000/MT (USD 676/MT).

Price stability is partly attributed to the position of the Egyptian pound (EGP) against the US dollar (USD). This has helped alleviate external pressures on domestic pricing, enabling producers to maintain competitive prices without significant adjustments.

Demand for rebar remains strong amid ongoing infrastructure projects and construction activities across the country. However, the lack of large increases or decreases in demand has allowed producers to avoid competitive pricing strategies.
The presence of a large number of firms in the market, including well-established producers such as Ezz Steel and Suez Steel, as well as other regional producers, has allowed competition to promote transparency and stability in prices.

The Central Bank of Egypt's efforts to stabilize the currency and support economic growth have indirectly benefited the steel sector. Low inflation rates and controlled exchange rate fluctuations provided a favorable environment for producers.
Despite the volatility of the global steel market, Egypt's rebar producers have managed to protect themselves from external factors. This is partly due to strong domestic demand and reduced reliance on imported raw materials.

Experts expect the current stability in rebar prices to continue in the short term, unless there are sudden shifts in exchange rates or significant changes in production costs. However, producers will need to be alert to potential risks such as rising energy costs or geopolitical tensions affecting global steel markets.

Inc vat 14%

USD1 = EGP 51.00