A sudden jump in iron prices today … Learn about the prices and the reasons for the rise

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Al-Masry Al-Youm provides a price development service Iron and cement During today’s trading, Saturday, May 1, 2021, as prices are affected, up and down, by several factors, including the volume of production and supply in the market and the corresponding demand on the other side, and energy prices are one of the main factors affecting the determination of the price of these products, as they are energy-intensive industries. , And the lowest price was in a ton Iron Between 13 thousand and 300 pounds until Friday evening.

Today, Saturday, May 1, 2021, the Egyptian market began its dealings in the iron market, with the announcement of a number of Iron factories The companies have sudden increases in the price of a ton of iron, justifying the increase in the global market prices.

Ezz Steel led the announcement of the price increase in the factories, as Ezz Steel announced today an increase in the price of a ton of iron by 150 pounds per ton, and Ezz Steel informed the agents of the price increase, which will start from the first day of May, and after the increase was announced, this means that the price of a ton of iron reaches The price per ton was attributed to 13,800 pounds per ton, in order to increase the price per ton until it reaches the consumer, and it reaches about 14,100 pounds per ton.

And after Ezz announced the increase in its prices, followed by the Egyptian Steel Company’s announcement of the price increase by 150 pounds per ton, bringing the price per ton starting from Saturday to 13700 pounds. The factory land was also delivered.

A few days ago, Ezz Steel Company announced an increase in the prices of sheet “tin” by about 1750 pounds per ton. The implementation will take place on the first of next May, explaining that the increase is due to the high international prices of the crude.

Iron dealers criticized the price increase at the present time, especially since the market suffers from declining sales rates and there was no need to increase prices in light of the current slowdown in demand for iron.

It is estimated that there is a current calm in the movement of construction and construction, which is due to several factors, including the month of Ramadan, in which construction rates generally decline, and that there are hopes for a revival of sales with the start of the normalization of new requirements for the building in a number of cities starting today.

Iron prices during trading today, Saturday, May 1, 2021:

The price of a ton of Ezz Steel is 13800 – handing over the factory land, where the cost is expected to increase by about 300 pounds per ton until it reaches the consumer

The price of a ton of iron with tea is 13500

The price of a ton of iron porter is 13450

The price of a ton of steel ferry is 13300

The price of a ton of iron from the Egyptians is 13700

The price of a decimal ton of iron is 13300

The price of a ton of iron, Egypt Steel is 13300

The rest of the steel producers are expected to announce that the new prices will take place within the next few hours, so that these prices will be updated.

Cement prices in the local market during today’s trading, Saturday, May 1, 2021:

The price of a ton of Lafarge cement is 980 pounds

The price of a ton of Swedish cement is 910 pounds

The price of a ton of Suez cement is 900 pounds

The price of a ton of Egyptian cement, Beni Suef, is 890 pounds.

Calm dominates the construction and building operations currently, especially during the month of Ramadan, when construction slows down due to the fasting hours of the day, while experts believe that the real estate market will witness a boom during the next few years, especially with the initiatives launched by the state to facilitate procedures for obtaining housing units that suit all levels, the last of which The real estate financing initiative, with an interest rate not exceeding 3%.

In a related context, the Building Materials Export Council data revealed an increase in the rate of exports from Cement During the last months of January and February, to reach about $ 36 million compared to $ 26 million during the same period last year, and 7 countries accounted for about 86% of exports during that period, as Libya topped the list of these countries and 26% of the total exports, with a value of 9.3 One million dollars, while Kenya acquired 20% of exports with a value of $ 7.1 million, while Sudan came in third place, accounting for 19.7% of total exports, valued at $ 7.1 million, then Ghana with 7.26%, valued at $ 2.61 million.

On the other hand, the Economic Zone General Authority clarified in its report issued on the performance of its subsidiary ports during the year 2020, that the export of packed cement to West Africa for the first time from the new berths contributed to an increase in collection revenues by 15%, circulation by 18.5% and increased truck traffic by 38.1% and an increase in container shiploads by 11.6% compared to the previous year.




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