Ezz Steel Company announced the stability of iron prices today in Egypt for the company, provided that those prices will be applied as of Monday 1-2-2021. The company notified its agents about the stability of iron prices in Egypt during the current week, to record the price of a ton of Ezz steel about 13,654 pounds per ton of reinforcing steel to hand over factory land. Abdel Khaleq Farahat, head of the United Building Materials Trading Company, said for money that the price per ton at the Egyptian Factory will reach the consumer at a price of 13,900 pounds per gram, including the freight for transporting the goods from the factory to the consumer. Farahat added that the price of a ton of iron varies according to the quality produced by the company, and this difference is subject to the name of the company that produces iron, and that these prices are the handover of factory land, and they rise at the merchants by 200-300 pounds. Iron prices remain stable today despite the global price decline Khaled Al-Dajwi, Managing Director of Al Masia Iron Trading Company, said that the stability of iron prices at the level of 13550 pounds per ton is not justified, especially in light of the decline and decline in the price of raw materials globally, “billet”, at an average of 1000 pounds per ton. Al-Dajwi added in remarks to Al Mal, that everyone was waiting for the price to decline locally, against the backdrop of the global drop, but the prices disappointed everyone in light of the terrible decline in sales now. The price of Ezz Steel Company reaches 13,650 pounds per ton, while the price of a ton of Al-Jarhi iron today reached 13450 pounds. The rest of the companies are scheduled to announce their prices today, Monday.
