In a significant market development, rebar prices for numerous companies in Egypt have experienced an upswing this week, witnessing an increase ranging from EGP 1,750 to EGP 11,700 compared to the previous week. The current price range stands between EGP 42,900 and EGP 59,700, indicating a notable uptick from the previous week's prices, which ranged from EGP 42,900 to EGP 55,280, EXW.
This surge in rebar prices across the industry is influenced by various factors, including market dynamics, supply and demand fluctuations, and global economic conditions. The evolving market conditions underscore the need for adaptability and strategic planning within the steel industry in Egypt.
The updated pricing details for prominent steel companies are as follows:
Ezz Steel at EGP 55,280
Suez Steel at EGP 55,200
Bishay Steel at EGP 42,900
El Marakby Steel at EGP 48,300
Egyptian Steel at EGP 44,500
Ashry Steel at EGP 48,500
Garhy Steel at EGP 53,250
Misr Steel at EGP 50,000
El Komy Steel at EGP 48,000
El Ola Steel at EGP 51,000
Al Gioshy Steel at EGP 50,000
*1 USD = 55 EGP*
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