Although Egypt’s rebar market was relatively stable at the beginning of January, it witnessed a significant price increase during the week ending 15 January 2026. Major producers Ezz Steel and Suez Steel led this upward movement with notable increases, reflecting strong demand and strategic price adjustments. The rise was also attributed to the cancellation of government incentives granted in previous periods, which had a direct impact on domestic rebar prices. Market sources indicate that demand has remained good so far.
Rebar prices covering the period between 31 December 2025 and 15 January 2026 are as follows:
Ezz Steel increased its price by EGP 2,800/MT (8.2%) within one week, marking the largest single weekly increase recorded in this dataset.
Suez Steel followed closely with an increase of EGP 2,800/MT (7.4%).
These movements signal confidence in the market’s purchasing capacity and reflect either rising input costs (scrap, energy, logistics) or strategic positioning ahead of expected project activity.
Al Marakby, in line with the broader market, implemented a significant increase of EGP 2,300/MT, reaching EGP 36,300/MT.
Egyptian Steel, Al Komy, Midi Steel, Bianco, ELCO Steel, and Al Arabeya Steel recorded moderate increases of around EGP 500/MT, indicating acceptance of higher price levels.
Beshay Steel, Al Garhy, Al Ashri, and Misr Steel largely maintained stable prices, adopting a wait-and-see approach.
On the downside, Arco Steel reduced prices by EGP 1,750/MT to EGP 31,500/MT, while Madina Steel cut prices by EGP 500/MT, highlighting inventory pressure or weakening regional demand.
The EGP/USD exchange rate remained relatively stable between 6 January (EGP 47.40) and 15 January (EGP 47.35), indicating that pressure from imported input costs has not eased, further justifying the rise in domestic prices.
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