In an interview with the Egyptian Exchange newspaper, Elmarakby Steel CEO Eng. Hassan El Marakby announced that the company increased its exports by 50% in the first quarter of 2025 compared to the same period last year. This growth significantly surpassed the initial forecast of 20% made at the beginning of the year. El Marakby also added that they aim to achieve an export volume of 100,000 tons before the end of the first half of the year.
Addressing local rebar prices, El Marakby noted that prices have remained stable during the current period and are expected to continue this trend next month due to reduced demand caused by holidays and vacations. Therefore, no significant price fluctuations are anticipated.
Regarding scrap metal, he stated that prices increased by USD 10 to USD 15 per ton, reaching USD 340, but this increase has not yet impacted rebar prices.
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