Prominent rebar producers such as Ezz Steel, Suez Steel, and Egyptian Steel maintained stable prices throughout the analyzed period. This consistency points to a balanced supply-demand dynamic within their market segments. The stability of these producers suggests strong demand for their high-quality products, likely supported by their dominance in large-scale construction and infrastructure projects.
El Marakby and Arco Steel producers have seen the most significant price reductions, with El Marakby decreasing by -700 EGP/MT and -29 S/MT, and Arco Steel by -600 EGP/MT and -26 S/MT. Such considerable drops could be due to competitive pricing strategies or fluctuations in input costs.
Beshay Steel although maintaining the same price in EGP/MT, Beshay Steel noted a slight decrease in S/MT (-15), likely due to currency fluctuations rather than local market conditions.
Madina Steel, Al Garhy, Al Ashri Steel, Al Komy, Misr Steel, El Ola Steel, Mitad Helwan, Ma’adi Steel, Bianco, Antar Steel, Al Gyoshi Steel, Al Arabeya Steel, Stars Steel, and ELCO Steel producers experienced moderate price reductions ranging from -500 to -600 EGP/MT and -13 to -31 S/MT. These adjustments reflect broader market trends and possibly efforts to remain competitive amidst fluctuating demand.
A noticeable depreciation of the local currency, with the exchange rate shifting from S1 = EGP 48.85 to S1 = EGP 49.75, significantly influenced market pricing. This change increased costs for imported raw materials, compelling producers to adjust prices either to maintain margins or stimulate demand.
USD 1 = EGP 49.75
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