The Egyptian rebar market is witnessing notable changes in March 2025, with varied price adjustments reported by key manufacturers. According to data from SteelRadar, price comparisons between 28 February and 11 March reveal a blend of stability and fluctuations.
Steady Prices Amidst Market Dynamics
Leading rebar manufacturers such as Ezz Steel, Suez Steel, Egyptian Steel, and Beshay maintained their prices at EGP 38,200 per metric ton (MT) and $753 per MT, indicating no changes during the period. Companies like El Marakby and Al Garhy also sustained their prices at EGP 36,000 per MT and $710 per MT, respectively.
Significant Price Decreases
Noteworthy reductions in rebar prices were observed in certain manufacturers. Al Komy experienced the most significant decrease, with prices dropping by EGP 15,000 per MT and $22 per MT, bringing their new prices to EGP 32,300 per MT and $637 per MT. Misr Steel also reduced their prices by EGP 10,000 per MT and $10 per MT, now standing at EGP 32,000 per MT and $631 per MT.
Slight Price Increases
Conversely, some manufacturers raised their prices. Al Gyoshi Steel increased prices by EGP 3,000 per MT and $6 per MT, with new prices at EGP 32,700 per MT and $645 per MT. Midi Steel and Al Arabeya Steel also recorded price hikes of EGP 7,000 per MT and $14 per MT, respectively.
Economic Factors and Market Demands
These adjustments reflect the dynamic nature of Egypt's rebar market, influenced by various economic factors and market demands.
USD1 = EGP 50.70
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