The Weekly Gate publishes the prices of iron and cement, during today’s trading, Wednesday, for the delivery of industrial land.
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Steel companies announced the price increase for iron in early November 2022 with a value of around £ 1980 in some companies after the Central Bank’s decision to raise the interest rate by 2%, as some companies sent messages to merchants with the November price list, including the new increase.
Egypt produces about 7.9 million tons of rebar and about 4.5 million tons of billets, while importing 3.5 million tons of billets, according to data from the Chamber of Metallurgical Industries.
The decision to raise iron prices has sparked a state of controversy on Egyptian roads, especially as import operations did not start after the dollar price soared to over £ 24, plus steel companies have stocks. sufficient for the market for up to 3 months, which some felt was an unjustified increase in prices.
A value of between 200 and 500 pounds is added to the prices of iron to reach the consumer, while for cement, between 100 and 200 pounds are added to reach the consumer.
iron prices
The average price of iron in the Ezz Company was 19,650 pounds per ton, the Beshai iron price was 19,600 pounds per ton, and the Suez steel price for steel was 19,550 pounds per ton.
While the price of iron in the Egyptians today recorded 19,550 pounds per ton, Komi iron 19,000 pounds per ton and composite iron 19,550 pounds per ton and the decimal recorded 19,300 pounds per ton and Maadi 19,000 pounds.
The price of iron today in Egypt Steel also recorded 19,180 pounds per ton, Al-Dakhiliya Steel recorded 19,650 pounds and Attia 19,000 pounds.
As for the prices of iron in investment factories, the average price of tons varies between 18,900 and 19,000 pounds, reaching the consumer between 19,000 and 19,200 pounds.
cement prices
While reinforced concrete recorded 1620 pounds per ton, Nasr concrete recorded 1610 pounds per ton, Super concrete recorded 1635 pounds, and Qena cement 1560 pounds.
Al-Suwaidi cement recorded 1720 pounds per ton and specialty cement recorded 1590 pounds per ton, as well as Nile Valley cement recorded 1,600 pounds per ton and Helwan cement recorded 1620 pounds per ton.
Mixed concrete prices ranged between 1000 and 1110 pounds, while heavy duty concrete ranged between 1650 and 1755 pounds and white concrete between 2500 and 2600 pounds.
Mixed cement is obtained by mixing cement with other materials such as (fly ash, silica dust or kiln slag), which give it additional qualities, such as the ability to produce less porous concrete, which is more durable, less heat generating and stronger during cooling, and is used in finishing, building and the tile and flooring industry.
