2023-11-06 09:17:00
During the recent period, the Egyptian market witnessed noticeable changes in the prices of iron, as observers noticed jumps in the price at rates ranging from 8,000 to 8,500 pounds. This shift led to the price of a ton reaching 42 thousand pounds, which represents an increase compared to its previous price, which was regarding 33 thousand pounds. This increase comes in the context of the continuous rise in the value of the dollar on the black market, which has exceeded the barrier of 46 pounds, while the official price remains stable in banks at regarding 30.85 pounds, which means that the black market is the reason for this boom.
Iron market fluctuations in the current year
The Egyptian steel market has been experiencing challenges since the beginning of this year, with successive waves of price increases recorded. Prices have breached the level of 40,000 pounds, which has raised a lot of controversy and questions regarding the future of the industry and its impact on the real estate sector.
Iron prices today
The company’s iron price per ton (Egyptian pounds) Ezz Company 42,000 Beshay Iron 41,000 Sarhan Iron 37,000 Al-Attal Iron 38,000 Egyptian Iron 39,000 Komi Iron 37,000 Ashri Iron 37,000 Maadi Iron 37,000 Bianco Iron 36,500 Misr Steel 36,500 Dekheila Iron 42,0 00 Attiya Steel 38,000 Al-Marakbi Steel 37,000 Investment Factories 37,000 – 38,000 Rolled mills 42,000 – 43,000
Additional cost to the consumer
The initial prices of iron are not only what the final consumer pays, but additional costs are added to them, including the value-added tax, which ranges from 1,000 to 2,000 pounds, in addition to transportation fees, which increases the final value of the iron in the market. As for cement, between 100 and 200 pounds are added to the price. It also becomes expensive for the consumer, and of course do not forget that there are aging expenses that are added to the price, but this is by agreement.
Cement prices today
Type of cement Price per ton Reinforced cement 2,250 pounds Al-Nasr cement 2,200 pounds Premium cement 2,340 pounds Military cement 2,030 pounds Al-Suwaidi cement 2,400 pounds Suez cement 2,240 pounds Helwan cement 2,240 pounds Al-Mukhsos cement 2,200 pounds Mixed cement 1,250 – 1,310 pounds Resistant cement 2,000 – 2,350 pounds White cement 3500 – 3600 pounds
In light of these continuous rises and major economic changes, the Egyptian market is looking forward to measures that may achieve price stability, but reality imposes great challenges that may affect various sectors, especially real estate, so the question remains open regarding how to overcome this crisis and reduce its negative impact on the Egyptian consumer. .
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