In the week under review, Egypt's rebar prices exhibited stability, maintaining a consistent range amid ongoing economic conditions. The following report provides an overview of rebar prices from various steel companies, shedding light on the current state of the steel market in Egypt.
Throughout the week, rebar prices in Egypt remained steady, with values ranging from EGP 47,300 to EGP 54,000. Notably, these prices are inclusive of the 14% Value Added Tax (VAT), reflecting the full cost incurred by consumers.
Breakdown of Prices by Company:
- Ezz Steel: Reported a price of EGP 53,520, aligning with the general trend observed across the market.
- Suez Steel: Recorded a price identical to Ezz Steel at EGP 53,520, indicative of uniformity among major players.
- Bishay Steel: Maintained a slightly higher price point at EGP 54,000, positioning itself at the upper end of the price spectrum.
- El Marakby Steel: Aligned with Ezz and Suez Steel, indicating consistency among renowned steel manufacturers.
- Egyptian Steel: Offered a price of EGP 49,920, reflecting a competitive edge in the market.
- Ashry Steel: Reported a price of EGP 53,000, contributing to the overall stability observed throughout the week.
- Garhy Steel: Displayed the lowest price at EGP 47,300, catering to cost-conscious consumers in the market.
- Misr Steel, El Komy Steel, Al Gioshy Steel, El Ola Steel: Presented prices ranging from EGP 51,500 to EGP 52,000, demonstrating moderate variations within this range.
As construction and infrastructure projects continue to drive demand for steel products, these consistent prices provide stability for stakeholders across the industry.
*1 USD = 51.35 EGP*
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