Rebar prices have fluctuated within a competitive range of 37,700 to 40,700 ($770-831)Egyptian pounds in Egypt. Industry leaders such as Ezz Steel and Bishay Steel maintained top positions with prices peaking at EGP 40,700, signaling robust demand in key markets across the country.
Detailed price listings reveal Ezz Steel and Bishay Steel at the forefront with their offerings at EGP 40,700, closely followed by Egyptian Steel at EGP 40,600. Suez Steel and El Marakby Steel trailed slightly behind at EGP 40,500 ($827)and EGP 38,500($786) respectively, reflecting varying market strategies amidst the ongoing economic climate.
Ashry Steel positioned itself competitively at EGP 38,000 ($776), reinforcing its commitment to affordability and accessibility in the marketplace. Meanwhile, Garhy Steel, Misr Steel, El Komy Steel, El Ola Steel, and Al Gioshy Steel maintained stable pricing between EGP 37,700 ($770) and EGP 38,500 ($786), underscoring their role in catering to diverse consumer segments.
Industry analysts suggest these price movements are influenced by both domestic construction demands and global steel market trends, highlighting the resilience and adaptability of Egypt's steel sector amid external economic pressures.
1 USD = 48.93 EGP
Prices include 14% VAT
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