Cement and iron prices in the Egyptian market today, Tuesday

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Ahmed El-Ziny, Head of the Building Materials Division, announced that cement prices in Egypt range from 875 pounds, which is the lowest price in the republic and the highest price reaches 1,100 pounds for some other factories, while the price for the final consumer starts from 1050 to 1,200 pounds, according to the consumer, according to the transportation distance..

He added, in exclusive statements, that iron and steel prices in Egypt record levels of 15,000 pounds in some factories and reach a maximum of 15,500 pounds, according to what the producing factories announced, and reach the consumer at levels that may record 16,000 pounds despite the announcement of the abolition of import duties for billet and rebar. .

In its daily price bulletin, the Division revealed the tendency of rebar distributors to reduce prices for consumers with values ​​ranging from 200 to 400 pounds per ton, in light of strong expectations of a price drop in the coming period after the abolition of import duties for billets, which prompts traders to get rid of the existing quantities. They have.

The bulletin indicated that iron prices for the consumer are now circulating in the range of 15,200 to 15,500 pounds per ton, compared to 16 thousand pounds, in light of the reluctance to purchase and a significant decline in demand after the abolition of billet import duties, which would reduce prices during the coming period.



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