Iron and Cement Prices in Egypt on Monday, February 12, 2024

The latest update on iron and cement prices in the Egyptian market as of Monday, February 12, 2024, showcases stability in the construction materials sector.

Iron and Cement Prices in Egypt on Monday, February 12, 2024
Photo by Radowan Nakif Rehan / Unsplash

On Monday, February 12, 2024, the Egyptian market witnessed instability in the prices of iron and cement, crucial materials in the construction industry.

Iron prices varied significantly, with Ezz Steel (Hadid Ezz) reaching approximately 53,000 EGP per ton. Other notable figures include Al-Ashry Steel at 50,000 EGP per ton and Al-Jarhi Steel matching this price. Suez Steel was also priced at 53,000 EGP per ton, while the investment steel (Hadid Al-Istithmari) was slightly higher at 54,776.39 EGP per ton.

Cement prices also saw variations, with Al-Waha White Cement priced at 3,550 EGP per ton and Wadi El Nile Cement at 2,090 EGP per ton. Special Cement (Al-Mukhassas) was slightly higher at 2,130 EGP per ton, and Tora and Helwan Cement were both priced at 2,120 EGP per ton. The Swedish Cement (Al-Suweidi) stood at 2,290 EGP per ton, indicating a broad range of prices catering to different market needs.

These fluctuations reflect the dynamic nature of Egypt's construction materials market, influenced by various factors including production costs, demand, and broader economic conditions. The construction sector, a significant contributor to the Egyptian economy, closely monitors these changes, which directly impact project costs and planning.

Ahl Masr News