Ezz Steel Company has announced significant reductions in the prices of rebar and flat steel. The company revealed that the price of rebar will now stand at EGP 46,500 per ton, marking a noteworthy decrease of EGP 7,020 compared to the previous day's rate.
Moreover, the price adjustment extends to flat steel as well, with Ezz Steel setting it at EGP 50,340 per ton, reflecting a substantial decrease of EGP 7,000 over the previous price, all inclusive of the EXW cost and value-added tax.
With these reduced prices, stakeholders anticipate a surge in construction activities, as projects become more financially viable and accessible to a wider range of investors.
*1 USD = 51.67 EGP*
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