Iron prices witnessed a strong decline in the markets today, within the prices of building materials, to fall from their high levels, as many are looking for iron and cement prices now in Egypt, after the recent decline.
Iron prices worldwide
The price of iron ore fell 62% within the prices of building materials, to 107 dollars, after it was more than 150 dollars in the wake of the Russian-Ukrainian war, but it has now declined due to several reasons, most notably concerns about the recession of the global economy and the increase in the supply of crude.
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The price of a ton of Ezz iron
The price of a ton of Ezz steel today, which is sought by those wishing to build within the prices of building materials, declined by 1437 pounds from yesterday’s prices, to record 39,530 pounds for the first time, after the average price recorded yesterday was about 40,968 pounds, according to the local and international price portal of the Council of Ministers, while Record today about 35 thousand pounds as the lowest price.
32 thousand pounds
For his part, Ahmed Al-Zaini, head of the Building Materials Division at the Federation of Chambers of Commerce, revealed a surprise during which he revealed that a ton of iron now reached 43 or 45 thousand pounds, compared to the price of a ton of iron last year, which was 15 thousand pounds.
Al-Zeini said in televised statements that the current price of a ton of iron in Egypt does not exceed 32,000 pounds.
Price per ton of iron
Today, the prices of a ton of iron and cement are among the prices of building materials that are of great interest for building and pouring roofs, or for making adjustments in apartments and shops, as prices vary from one trader to another and from one governorate to another.
The “Echo of the Country” website provides a list of the latest prices of building materials, which are the price of iron and cement today, as part of its daily services bulletin, in conjunction with the announcement of a number of iron and steel companies about the latest prices of a ton of iron in the market today.
Iron prices today
- And the price of a ton of Ezz iron, among the prices of building materials, was about 39,530 pounds per ton, to 45,000 pounds.
- The price of a ton of investment iron recorded 40,496 pounds as an average price, according to the price portal, while it amounts to about 45,000 pounds as the highest price.
Cement prices today
Regarding cement prices today, among the prices of building materials, they came as follows after the decline:
- Armed cement at 1820 pounds per ton after 1950 yesterday, a difference of 130 pounds.
- Nasr cement at 1800 pounds per ton, after 1900 yesterday.
- Moallem cement at 1760 pounds per ton.
- Nile Valley cement at 1730 pounds per ton.
- Special cement at 1820 pounds per ton.
- Sinai cement 1740 pounds per ton.
- Helwan cement comes at 1830 pounds per ton.
- Swedish cement 1900 pounds per ton.
- Military Cement Beni Suef comes at a price of 1730 pounds.
2023-05-20 02:45:00
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