Surge in rebar prices hits Egyptian market: Ezz Steel, Beshay Steel, and Others witness significant increases

Rebar prices in Egypt have increased significantly this week, with most companies experiencing price increases. Ezz Steel (EGP 38,500), Beshay Steel (EGP 40,800), Al-Garhy Steel (EGP 36,000), Misr Steel (EGP 39,000), El Komy Steel (EGP 38,500), El Ola Steel(EGP 38,500), and Al Gioshy Steel (EGP 38,500) are among the companies experiencing price increases. Fixed prices include Suez Steel (EGP 36,000), El Marakby Steel (EGP 38,000), Egyptian Steel (EGP 38,500), and Ashry Steel (EGP 37,500).

The fluctuation in rebar prices signals a dynamic shift in market conditions, prompting industry stakeholders to closely monitor and adapt to the evolving economic landscape.