Several producers, such as Ezz Steel, Suez Steel, and Egyptian Steel, have maintained stable prices between November 30 and December 9, with no change in EGP/MT and a slight decrease in USD/MT due to currency fluctuations.
Beshay shows a notable decrease of 2,500 EGP/MT and 59 USD/MT, indicating a significant price drop. This could be due to various factors such as market competition, production costs, or changes in demand.
Other producers like Al Ashri Steel and Al Komy have shown moderate price increases or decreases, reflecting minor market adjustments.
The table also highlights the impact of currency fluctuations on rebar prices. The exchange rate has changed from 49.70 EGP/USD on November 30 to 50.30 EGP/USD on December 9. This change affects the S/MT prices, causing slight variations even when the EGP/MT prices remain constant.
Producers like El Marakby and Madina Steel have kept their prices stable, possibly to remain competitive in the market.
Some producers have adjusted their prices, either increasing or decreasing them, to reflect changes in production costs, supply chain issues, or market demand.
USD1=EGP 50.30
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