The iron market in Egypt continued to remain stable, with new declines recorded during the past hours Companies announce new price cuts To bring the price of a ton to a level of less than 19 thousand pounds in some companies.
Since the beginning of this year, until the middle of last March, iron recorded record highs, as the price of a ton jumped by 39.8%, adding regarding 6100 pounds, following rising from 15,300 pounds at the beginning of last January to regarding 21,400 pounds in mid-March, which is the highest peak recorded. during the current year.
However, during the past days, prices recorded a decline of 11.2%, as the price of a ton decreased from the level of 21,400 pounds to the level of 19000 pounds at the present time.
Iron Steel Company “Misr Steel” informed its customers that the price of a ton has been reduced to the level of 18,900 pounds, including value-added tax, and the price of coiled iron has reached the level of 19,170 pounds.
The Suez Steel Company announced to customers that the prices of a ton of iron in the factory amounted to regarding 19,100 pounds, including value added.
The Egyptian Steel Company also announced the reduction of the price of a ton to the level of 19,100 pounds per ton, for delivery of the factory land, starting from this May.
For its part, the “Bashay” iron company announced that the price of a ton has been reduced to the level of 19,120 pounds.
And the price of a ton of Al-Garhy iron recorded the level of 19000 pounds per ton.
The Ezz Steel Company announced that the prices of a ton of iron had been reduced to the level of 19170 pounds per ton for delivery on the factory land.