Cement Prices

Stability in Cement and Steel Prices in Egypt as of February 18, 2024

Cement and steel prices in Egypt have stabilized in the market on February 18, 2024, following a recent price increase, according to the local and global price portal of the Cabinet.

Photo by Christophe Dion / Unsplash

In the latest market updates from Egypt on February 18, 2024, the prices of cement and steel have shown stability, offering some respite to contractors and investors closely monitoring the construction materials market. This follows a period of fluctuation, notably with steel prices experiencing an increase the previous day. For instance, the price of a ton of Ezz Steel rose by approximately 809 Egyptian pounds, highlighting the dynamic nature of the construction materials market.

The stabilization of prices is a critical indicator for the construction industry, which relies heavily on these materials for ongoing and upcoming projects. The recent price movements underscore the importance of staying informed about market trends, which can significantly impact project costs and timelines.

Source: Misr Albalad

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