Mixed trends in Egypt’s rebar prices reflect market uncertainty

The latest data from SteelRadar reveals a mixed trend in the prices of rebar manufactured by leading companies in Egypt, with some firms experiencing price increases while others have maintained stability or even seen slight declines. This fluctuation reflects ongoing market volatility and varying supply-demand dynamics within the steel industry.

According to the most recent manufacturer price list for April and May 2025, published by SteelRadar, several key observations can be made:

• Ezz Steel , one of Egypt’s largest steel producers, has maintained its rebar price at EGP 38,200 per metric ton (MT) , equivalent to $753 per MT as of May 6. Similarly, Suez Steel and Egyptian Steel also reported stable prices, with minor adjustments of just $2 per MT compared to April 30.

• Al Garhy Steel increased its price by $2 per MT, from $707 per MT to $709 per MT.

• Al Ashry Steel also saw an increase, from $697 per MT to $700 per MT.

• Other major players like Beshay , El Marakby , and Madina Steel also showed minimal changes, indicating a relatively stable pricing environment for these top-tier manufacturers.                                                                                         

Several companies saw notable price declines over the period. For instance:

• Al Komy Steel decreased its rebar price by $14 per MT , from $668 per MT on April 30 to $654 per MT on May 6.

• Misr Steel experienced a significant decline of $8 per MT, decreasing its price from $678 per MT to $670 per MT.
• El Ola Steel and Mitad Helwan both recorded decreases of $16 and $14 per MT, respectively, reflecting growing pressures from production costs or demand fluctuations.

• Midi Steel lowered its price by $4 per MT, from $660 per MT to $656 per MT.

Additionally, the construction sector, a primary consumer of rebar, has shown signs of recovery in certain regions, driving up demand and contributing to price increases among some manufacturers. However, regional disparities in infrastructure development and project timelines may explain why not all companies have adjusted their prices uniformly.

Outlook for the Future
Looking ahead, analysts predict that Egypt’s rebar market will continue to experience volatility in the coming months. Key factors to watch include global steel production levels, geopolitical tensions affecting trade routes, and potential government interventions to stabilize prices.

USD 1= EGP 50.75