Islam Saeed wrote Sunday, March 31, 2024 10:42 PM
Ahmed Al-Zeini, president, revealed Building Materials Division Prices of a ton of rebar decreased from levels of 45 to 48 thousand pounds and are currently recording levels between 39 to 40 thousand pounds for consumers, with a decline of approximately 15.3% depending on the type of iron.
Ahmed Al-Zeini told Al-Youm Al-Sabea that the prices of investment rolling iron range from 37 to 39 thousand pounds, and the price for consumers starts from about 40 to 42 thousand pounds, depending on the producing company, as well as according to the governorate, after adding transportation costs and merchants’ profits.
He pointed out that the market is currently anticipating further decline in conjunction with the continued decline of the dollar in banks and expectations of increased production with the dollar arranging to import billets and raw production for rolling mills.
Regarding cement prices, Ahmed Al-Zeini revealed that its price to the consumer has stabilized between 2,200 and 2,300 pounds as the maximum price, depending on the regions and transportation distance, and the price on the factory floor reaches between 1,850 and 2,000 pounds as demand declines.
2024-03-31 20:42:00
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