Egypt's steel market has shown resilience and stability this week, as reflected in the latest daily monitoring of steel prices. According to reports, the prices of rebar in the country have maintained a consistent range, with values fluctuating between EGP 39,900 and EGP 35,750 EXW ($1291,30 - $1157,00).
The steady trend is evident across various steel companies, highlighting a unified stability in the sector. The consistency in pricing across these major companies reflects a balanced and stable market environment.
Market analysts attribute this stability to a combination of factors, including consistent demand, controlled production levels, and a generally steady economic climate. As a result, both producers and consumers in the steel industry are benefitting from a predictable and reliable pricing structure.
Ezz Steel: EGP 36,000 ($1165,00)
Suez Steel: EGP 36,000 ($1165,00)
Beshay Steel: EGP 39,900 ($ 1291,30)
Egyptian Steel: EGP 38,000 ($1230,00)
El Marakby Steel: EGP 38,000 ($1230,00)
Ashry Steel: EGP 38,000 ($1230,00)
Garhy Steel: EGP 35,750 ($1157,00)
Al Gioshy Steel: EGP 37,000 ($1197,50)
Misr Steel: EGP 37,000 ($1197,50)
El Komy Steel: EGP 36,500 ($1181,30)
El Ola Steel: EGP 36,500 ($1181,30)
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