In a recent market update, several prominent steel companies in Egypt have announced their latest pricing for August 2024. The prices, inclusive of 14% VAT, show a range from 37,000 to 40,700 EGP per tonne.
- Ezz Steel and Beshay Steel are both priced at 40,700 EGP per tonne, marking the highest price point among the listed companies.
- Suez Steel and Egyptian Steel are priced slightly lower, with Suez Steel at 40,500 EGP per tonne and Egyptian Steel at 40,600 EGP per tonne.
- Meanwhile, El Marakby Steel offers a more economical choice at 39,000 EGP per tonne. Ashry Steel and Garhy Steel are both positioned at 38,500 EGP per tonne.
- In a notable development, Al Gioshy Steel has distinguished itself with a competitive price of 37,000 EGP per tonne. This price update reflects a stable but volatile steel market in Egypt, and Al Gioshy Steel's competitive pricing strategy puts it in a prominent position. Current industry trends suggest that Al Gioshy Steel's approach could influence future market balances as prices fluctuate among top producers.
*1 USD = 50.46 EGP*
Comments
No comment yet.