Rebar prices in Egypt witnessed remarkable stability, after iron production companies in Egypt began reducing their prices starting in May 2022, and Misr Steel Company informed its customers that the price of a ton is 18900 pounds, including value-added tax, and the price of coiled iron reached 19170 pounds.
The Suez Steel Company informed customers that the prices of a ton of iron in the factory were 19100 pounds, including value added, and Egyptian iron 19100 pounds per ton, delivered at the factory’s land starting from May 2022, and a ton of iron in Beshai amounted to 19,120 pounds.
The price of a ton of Al-Garhy iron recorded 19000 pounds per ton, and finally the Ezz Steel Company reduced iron prices to 19,170 pounds per ton for factory land delivery.
Iron and steel companies began applying a reduction in the prices of a ton of iron in Egypt by more than 800 pounds per ton, and the new decline in iron prices takes effect this May, after prices reached record levels after the Russian-Ukrainian crisis and the rise in production raw materials.
The Ezz Steel Company had announced the reduction of flat prices by 4,500 pounds per ton once, which is equivalent to 18% of the price, to reach 20,500 pounds per ton ex-factory, including sales tax, and the price of a ton of rebar is 19,170 pounds in Ezz Company.