Retail markets are waiting for a price announcement Iron and steel For the month of August 2022, amid expectations of a limited decline in the price of a ton of iron in the Egyptian market, in light of the expectations of the “Goldman Sachs” bank, a drop in the price of iron ore by $70 and $85 per ton, respectively, from $90 and $110 per ton during the period from 3 to 6 months coming.
“The Seventh Day” publishes the average prices of iron and steel in factories in trading today, Sunday, with the stability of the iron price since the beginning of this month, following reducing prices by regarding 500 pounds per ton..
Iron prices today..
The price of a ton of Ezz Steel is 17670 pounds
The price of Suez Steel is 17,570 pounds
Bishai steel price is 17500 pounds
Egyptian Iron 17,570 pounds
Al-Jayoushi Steel 17,300 pounds per ton.
Iron Garhi 17300 pounds
Iron boats 17550 pounds
Misr Steel 17450 pounds per ton
The Chamber of Metallurgical Industries in the Federation of Industries attributed the continued decline in the prices of the reinforcing iron product in local factories at the beginning of this month to the noticeable decline in the prices of bilt ore on stock exchanges and global markets, specifically in the Russian market, where the price per ton of bilt ore is currently recorded at $570 per ton, compared to $820 at the beginning of this month. The crisis of the Russian-Ukrainian war.
