Iron prices today, Sunday 13-6-2021 in Egypt

Iron prices today.. Veto continues to publish iron prices as part of its daily and continuous follow-up of the price movement in the building materials market, all commodities and the rest of the other sectors that concern and occupy the interests of all Egyptians.

iron prices

Iron companies announced that their prices would be fixed during the month of June.

The iron building materials market is witnessing a noticeable fluctuation in the volume of demand in the market, as a result of the decline in the construction movement, especially in the projects of the people, which represent a large percentage of the volume of demand in the market, in addition to the increase in production rates in the market with the entry of new production lines for some iron and cement factories operating in the Egyptian market.

The price of a ton of scrap rose to 510 dollars, compared to a price ranging between 400 dollars and 410 dollars last April, and the price of a ton of pallet rose to 750 dollars, compared to 600 dollars during last April.

iron prices today

Iron ore prices have witnessed a rise in global stock exchanges due to several reasons, the first of which is the result of a significant increase in demand by some major countries such as China.

Billet and scrap are the two main inputs for the manufacture of rebar used in building and construction operations.

Egypt produces about 7.9 million tons of rebar, about 4.5 million tons of billets, while it imports 3.5 million tons of billets, according to data from the Chamber of Metallurgical Industries.

A number of major companies operate in the Egyptian market, including Ezz Steel, Egyptian Steel, Suez Steel, El Marakby, and others. The reinforcing steel industry is one of the strategic industries in the Egyptian market, and the production capacity used by the factories reaches between 20 and 30%; As a result of stagnation and an increase in inventory.

Iron and steel exports rose by 62% during the months of January and February to record 187 million dollars, compared to 116 million dollars during the same period last year.

The latest report of the Export Council for Building Materials, Refractories and Metal Industries stated that exports were made to about 49 countries, 11 of which were not exported during the same period last year, including (Estonia – New Zealand – Ecuador – Ivory Coast – Belize – Trinidad and Tobago – Ireland – Pakistan – Burundi – Benin – Singapore).

He pointed out that 5 countries acquired 84.4% of the total iron and steel exports, exported by Italy, which accounted for 30% of the total exports, with a value of 56.102 million dollars.

The average price of iron today for the consumer was recorded

* Iron Ezz 14600 pounds.

* Iron with tea 14500 pounds.

* Iron porter 14400 pounds.

* Hadid Attia 14,300 pounds.

Sarhan iron 14300 pounds.

* Egyptian iron 14500 pounds.

* Iron Marakebi 14,300 pounds.

* Komi iron 14300 pounds.

* Iron Maadi 14300 pounds.

.

The stability of the price of iron and cement today.. Find out the prices

Today, Saturday, 12-6-2021, building materials prices are witnessing stability for all materials, in light of the expectations of the General Division of Building Materials in the Federation of Chambers of Commerce

The General Division of Building Materials of the General Federation of Chambers of Commerce revealed that the price of a ton of iron ranges between 13900-14600 pounds ex-factory, in addition to 14% value-added tax, and the consumer price ranges between 14100-14600 pounds per ton.

While cement prices were stable, where the price of a ton of black cement ranged between 675-800 pounds, the factory price, and the consumer price ranged between 750-850 pounds, and white cement prices recorded 2350-2450 pounds, delivery of factory land, and the consumer price 2500-2650 pounds per ton, and the price of cement The mixture ranges between 550-600 pounds, delivered on factory land. Sand prices ranged between 60-100 pounds per meter depending on the place, gypsum prices ranged between 550-650 pounds per ton, and bricks recorded 750-950 pounds per thousand bricks.

.

The Building Materials Division expects iron prices to decrease in the coming days

The General Division of Building Materials at the Federation of Chambers of Commerce expected an official decrease in iron prices during the next few days.

Ahmed El-Zeini, head of the General Division of Building Materials at the Federation of Chambers of Commerce, said that some iron factories have started offering discounted offers on iron to traders, but this is not officially from the factories, adding that there are offers submitted that are 300 pounds less per ton than the factory price.

Al-Zayni explained, in exclusive statements to “The Seventh Day”, that the price of a ton of iron decreased to start from 13900-14600 pounds ex-factory, in addition to 14% value-added tax, the consumer price ranges between 14100-14600 pounds per ton.

Al-Ziny pointed out that the price of a ton of black cement is 675-800 pounds, the factory price, and the consumer price ranges between 750-850 pounds, and white cement prices recorded 2350-2450 pounds, delivery of factory land, and the consumer price is 2500-2650 pounds per ton, and the price of mixed cement ranges between 550-600 pounds for the delivery of factory land, sand prices ranged between 60-100 pounds per meter, gypsum prices ranged between 550-650 pounds per ton, and bricks recorded 750-950 pounds per thousand bricks.

It is worth noting that the iron factories announced that iron prices had been raised 3 times during the month of May, and the price of a ton ranged between 14300-14600 officially delivered to the factory, which are the official prices announced so far by the iron factories, and the factories did not announce any change in prices officially.

.

Real estate developer: 20% increase in real estate prices… and two reasons for not being satisfied

05:30 AM

Wednesday 09 June 2021

Books – Mohamed Abdel Nasser:

Mohamed Khaled Al-Assal, CEO and Managing Director of Misr Italia Real Estate, said that real estate prices will witness an increase during the coming period, at a rate ranging between 15% to 20%, for several reasons, the most important of which is the recent rise in building materials prices, and the increase in purchasing power during the second half of 2021.

Al-Assal added, in exclusive statements to Masrawy, that the decline in bank interest and investment certificates will increase investment in real estate, and thus increase the demand for purchase, which makes prices rise.

He stressed that the rise in real estate prices will be more tangible at the beginning of next year, pointing out that the company has not announced the implementation of any price increase during the remainder of 2021, and the increase will take place from the beginning of next year.

And about the Central Bank’s new initiative for real estate financing, Al-Assal said that the companies that will benefit from this initiative that have a stock of fully finished units, which were not sold in previous periods.

He continued: The terms of the initiative do not apply to any of our units, as all units are sold before their implementation, and the unit price limits exceed the prices in the new initiative, which amount to one million and 400 thousand.

He pointed out that the price per square meter in the Vinci project in the New Administrative Capital recorded 13,000 pounds during the current period, which is witnessing the launch of two new phases of the project.​

.