Written by Ahmed Abdel Rahman Sunday, February 18, 2024 11:00 PM
Ahmed El-Zeini, head of the Building Materials Division at the Federation of Chambers of Commerce, said that the prices of building materials went through a state of confusion during the months of December and January as a result of the rise in dollar prices in the parallel market, especially iron, whose prices increased three times on the first of January to more than 10 thousand pounds, bringing its price to 45 to 55 thousand pounds delivered to the factory floor, and reaches the consumer for 62 thousand pounds.
He added during an intervention via Skype, on the program “In the Evening with Qaswaa”, via the “CBC” channel, with the media personality Qaswaa Al-Khalali, that after the decline in the price of the dollar in the parallel market and the state’s intervention, the prices in the market decreased from 10 to 12 thousand pounds, and the prices ranged. From the factory floor from 48 to 49,920 pounds, and it reaches the consumer from 50 to 52 or 53 thousand in the governorates of Upper Egypt, explaining that building materials are available, and cement prices are stable.
He pointed out that there is a state of stagnation in the market in general, and that some factories export, and in order to provide dollar revenues to import raw materials, this leads to a shortage of goods in the market, but in general the goods are available.
2024-02-18 21:00:00
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