The Egyptian rebar market has maintained stability this week, despite external economic pressures. Prices for this essential construction material have held firm, with a narrow range observed between EGP 37,500 and EGP 47,000 per ton including 14% VAT.
Taking the forefront were prominent steel manufacturers, demonstrating their dedication to stability through consistent pricing approaches:
Ezz Steel: Despite prevailing market pressures, Ezz Steel stands firm at EGP 46,500 per ton.
Suez Steel: In lockstep with Ezz Steel, Suez Steel also maintains a price of EGP 46,500 per ton. Their synchronized approach underscores the industry’s resilience.
Bishay Steel: Slightly edging ahead, Bishay Steel offers rebar at EGP 47,000 per ton. Their competitive pricing aims to capture market share.
El Marakby Steel: El Marakby Steel takes a prudent approach, pricing their rebar at EGP 43,500 per ton. Their positioning balances affordability and quality.
Egyptian Steel: At EGP 46,500 per ton, Egyptian Steel maintains consistency.
Ashry Steel: Ashry Steel aligns with the market trend, offering rebar at EGP 46,500 per ton.
Garhy Steel: Garhy Steel’s price stands at EGP 46,300 per ton, reflecting their commitment to competitiveness.
Misr Steel: Misr Steel takes a more budget-friendly approach, pricing rebar at EGP 39,000 per ton.
El Komy Steel: El Komy Steel’s rebar is priced at EGP 38,000 per ton, appealing to those prioritizing affordability without compromising on quality.
El Ola Steel: El Ola Steel’s competitive edge lies in their EGP 37,500 per ton pricing. A smart choice for budget-conscious projects.
Al Gioshy Steel: Al Gioshy Steel’s rebar comes in at EGP 40,000 per ton, striking a balance between cost-effectiveness and reliability.
The consistency in rebar prices not only stabilizes the construction sector but also instills confidence among investors and developers. With construction projects across the nation relying on a steady supply of rebar, this stability bodes well for Egypt's infrastructure development agenda.
*1 USD = 47.88 EGP*
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