Egyptian steel companies experience significant upward trend

Egypt experiences a significant upswing in rebar prices as of January 28, 2024. This week, the rebar market in Egypt witnessed a notable increase in prices for several prominent companies, with increments ranging between EGP 1,500 and EGP 6,980 in comparison to the previous week. The current price range spans from EGP 42,900 to EGP 55,280, as opposed to the previous week's range of EGP 42,900 to EGP 48,500, EXW.

Ezz Steel leads with a price of EGP 55,280, followed closely by Suez Steel at EGP 55,200. Other notable companies include Bishay Steel at EGP 42,900, El Marakby Steel at EGP 48,300, Egyptian Steel at EGP 44,500, Ashry Steel at EGP 48,500, Garhy Steel at EGP 53,250, Misr Steel at EGP 50,000, El Komy Steel at EGP 48,000, El Ola Steel at EGP 51,000, and Al Gioshy Steel at EGP 50,000.

$1= EGP 70