2023-09-27 21:01:45
Iron prices witnessed a high jump in the price of a ton in trading today, Wednesday, following the recent period of fluctuation in the markets between declines at times and rises at other times. The price of iron is usually affected by the global construction movement and the demand situation, especially in China, which is considered the largest manufacturer and consumer of iron in the country. the world.
Big jump in iron prices
Today, Wednesday, the price of a ton of iron recorded a significant increase in local markets, companies, and factories, as the price of a ton of investment iron rose by a value of 836 pounds at once, with one ton recording regarding 35,007 pounds, following prices were stable yesterday, Tuesday, and a ton of Ezz Iron recorded at the level of 33,500. pounds at a time when the price of cement recorded at 1970 pounds per reinforced ton.
Over the past few days, iron prices have witnessed a decline, and the Chamber of Metallurgical Industries of the Federation of Industries attributed the decline to the significant decline in the price of pellet ore in global markets, especially imported from Russia, where it recorded $660 per ton compared to $820 with the beginning of the Russian-Ukrainian war crisis, in addition to the price being affected by the stock exchanges. Globalism.
The production capacity of rebar in Egypt is regarding 15 million tons, while the actual consumption is regarding 7.5 million tons, and the export volume reached regarding 1.78 billion dollars during the year 2021, an increase of 145%, according to the report of the Export Council for Building Materials, Refractories, and Metal Industries.
The price of a ton of iron increased in the markets
Iron prices today, Wednesday
Iron prices rose in the markets during Wednesday’s trading, compared to yesterday’s prices, Tuesday, as the prices came as follows:
The price of a ton of Dekheila iron is 35,500 pounds. The price of a ton of iron in Maadi is 32,500 pounds. The price of a ton of iron from Egypt Steel is 33,400 pounds. The price of a ton of iron for Egyptians is 33,700 pounds. The price of a decimal ton of iron is 32,000 pounds.
Cement prices today in Egypt
As for cement prices, they witnessed stability compared to the prices of previous days, without a significant increase, the largest of which was regarding 36 pounds, and the prices were as follows:
Ton of gray cement: The price per ton recorded 1959 pounds, an increase of 36 pounds. – The price of reinforced cement is 1,750 pounds. The price of Al-Nasr cement is 1,700 pounds. – The price of Nile Valley cement is 1680 pounds. The price of special cement is 1,700 pounds. The price of Tora and Helwan cement is 1,710 pounds.
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