Ezz Steel and Building Materials Prices Witness Mixed Trends on January 17, 2025
The Egyptian market saw a mixed performance in building materials prices on Friday, January 17, 2025. While the prices of Ezz Steel and investment iron experienced declines, gray cement bucked the trend with a notable increase.
Ezz Steel Prices Decline by 0.71%
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The average price of a ton of Ezz Steel dropped to 39,492.04 pounds, marking a decrease of 283.1 pounds from the previous day. This represents a decline of 0.71%. The dip comes amid fluctuating market conditions, with the Prime Minister recently inspecting Ezz Steel factories, signaling ongoing attention to the sector.
Investment iron Sees a Slight Drop
Similarly, the price of investment iron fell by 0.41%,reaching 37,702 pounds per ton. This translates to a decrease of 154.91 pounds compared to the previous day. The decline reflects broader trends in the steel and iron markets, which have been under pressure due to varying demand and supply dynamics.
Gray Cement Prices Rise by 3.17%
In contrast, gray cement prices surged by 3.17%, with the average price per ton climbing to 2,966.04 pounds.This increase of 91.17 pounds highlights a shift in demand for cement, potentially driven by construction activities and infrastructure projects.
Summary of Price Changes
The table below summarizes the key price changes for building materials on January 17, 2025:
| Material | Average Price (EGP) | Change (EGP) | Percentage Change |
|———————|————————-|——————|———————–|
| Ezz Steel | 39,492.04 | -283.1 | -0.71% |
| investment Iron | 37,702 | -154.91 | -0.41% |
| Gray cement | 2,966.04 | +91.17 | +3.17% |
Market Insights
The mixed performance of building materials prices underscores the volatility in the egyptian market. While Ezz Steel and investment iron faced downward pressure, gray cement emerged as a strong performer. Investors and industry stakeholders are closely monitoring thes trends to gauge future market movements.
For real-time updates on Ezz steel stock prices and charts,visit Investing.com. additionally, stay informed about the latest news and financial information on Ezz Steel through Reuters.
As the market continues to evolve, these price fluctuations highlight the importance of staying informed and adapting to changing conditions.Whether you’re an investor or a construction professional, understanding these trends is crucial for making informed decisions.the construction sector, which contributed to the return of the real estate market to its activity again.
Lashin added that the real estate market in Egypt is currently witnessing a state of stability in prices, and that the government facilities granted to the construction sector have contributed to the return of the real estate market to its activity again, and that the real estate market in Egypt is currently witnessing a state of stability in prices, and that the government facilities granted to the construction sector have contributed to the return of the real estate market to its activity again.
Iron, Cement, and Real Estate Prices in Egypt: A Market Analysis
The Egyptian market has recently witnessed significant fluctuations in the prices of key construction materials, including iron and cement, alongside notable developments in the real estate sector. These changes reflect broader economic trends and government interventions aimed at stabilizing the construction industry.
Iron Prices: A Slight Decline
Iron prices in Egypt experienced a modest decline today, driven by reduced demand in local markets. The price of a ton of Ezz Steel decreased by 283.1 pounds, marking a 0.71% drop. Similarly, the price of investment iron fell by 154.91 pounds, a 0.41% decrease. This decline is attributed to stable supplies and lower demand, signaling a temporary slowdown in construction activity.
Cement Prices: Rising Demand
In contrast, gray cement prices saw a notable increase of 3.17%, equivalent to 91.17 pounds per ton. This rise is linked to the resumption of new construction projects and government initiatives to support the construction sector. The increased demand for cement highlights a renewed focus on infrastructure development and real estate growth.
!Cement prices today
Cement warehouses – archive
real Estate Market: Stability Returns
The real estate sector in Egypt has reached a state of relative stability, according to Reda lashin, an expert in economics and real estate development. lashin noted that real estate prices have stabilized following the government’s decision to revert to the 2008 building law and cancel the stricter 2021 building law. This move was aimed at addressing inflated prices and a construction sector recession.
“The Egyptian government has realized the inflation of real estate prices and the recession in the construction sector, so it quickly decided to withdraw the tightening policies and grant new facilities to the construction sector,” Lashin explained. These government facilities have played a crucial role in revitalizing the real estate market, restoring its activity and stability.
!Real estate in Egypt
Real estate sector in Egypt
Key Takeaways
| Material/Sector | Price Change | Percentage Change | Reason |
|———————-|——————|———————–|————|
| Ezz Steel | -283.1 pounds | -0.71% | Decreased demand |
| Investment iron | -154.91 pounds | -0.41% | Stable supplies |
| Gray Cement | +91.17 pounds | +3.17% | Increased demand |
| Real Estate | Stable | N/A | Government facilities |
The interplay between iron, cement, and real estate prices underscores the dynamic nature of Egypt’s construction industry. While iron prices have dipped due to reduced demand, cement prices are on the rise, driven by new projects and government support. Simultaneously occurring, the real estate market has found stability through strategic policy adjustments, signaling a positive outlook for the sector.For more insights into Egypt’s economic trends, explore our detailed analysis of the construction sector and its impact on the broader economy.The egyptian real estate market is undergoing a significant conversion, driven by a combination of increased demand and strategic revitalization efforts. according to Lashin, an expert in the field, the market requires approximately 500,000 housing units annually to meet demand. However, since the 2021 construction conditions were issued, onyl about 60,000 units have been provided. This gap highlights the urgent need for accelerated construction activity to address the housing shortage.
the influx of 12 million Arab refugees into Egypt has further intensified the demand for real estate. this surge has led to the erosion of the closed real estate reserve, creating a pressing need for new developments. Lashin emphasized that the return of real estate activity is crucial to achieving a balance between supply and demand. He expects this balance to be restored within 6 to 12 months,following the announcement of new facilities designed to stimulate the market.
These new facilities are expected to inject life into the construction sector,especially in the finishing sector,which is currently being revitalized. Lashin believes that this period will be sufficient for a complete construction cycle, including building additional floors and activating land that has remained idle as 2021.
Key Insights into the Egyptian Real Estate Market
| Aspect | Details |
|————————–|—————————————————————————–|
| Annual Housing Demand | 500,000 units |
| Units Provided Since 2021| 60,000 units |
| Impact of Refugees | Increased demand, erosion of real estate reserves |
| Expected Recovery Period | 6 to 12 months |
| Focus Areas | Construction sector, finishing sector, idle land activation |
The Egyptian real estate market is poised for a resurgence, driven by strategic initiatives and increased demand. As the market evolves, stakeholders are optimistic about achieving a sustainable balance between supply and demand, ensuring a robust and dynamic real estate sector. For more insights into the construction sector and its role in this transformation, explore the latest developments in the industry.
Ltaneously, the real estate market has achieved stability through strategic government interventions. These developments highlight the importance of monitoring market trends and adapting to changing economic conditions for investors and industry stakeholders.
Conclusion
The Egyptian construction market is navigating a period of transition,with mixed performance across key materials and sectors. While iron prices have softened, the surge in cement prices and the stabilization of the real estate market signal a renewed focus on infrastructure and development.Government policies continue to play a pivotal role in shaping these trends,offering opportunities for growth and stability in the construction industry.
for real-time updates on Ezz Steel stock prices and charts, visit Investing.com. Additionally, for the latest news and financial information on Ezz Steel, refer to Reuters.
Staying informed about these fluctuations is essential for making strategic decisions in the dynamic Egyptian market. Whether you’re an investor or a construction professional, understanding these trends will help you navigate the evolving landscape effectively.
Cement warehouses – archive
Real estate sector in Egypt
As the market continues to evolve, these insights will be crucial for adapting to new opportunities and challenges in the construction and real estate sectors.
