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“Al-Masry Al-Youm” provides a service for iron and cement price developments during today’s transactions, Saturday, July 10, 2021, as the price of iron decreased by 200 pounds per ton, bringing good news to citizens before Eid Al-Adha, while cement is witnessing a state of fluctuation in prices and instability every week, with increase and decrease, amid A state of complete stagnation in the sales market for building materials, and the price of a ton of rebar reached 14,500 pounds.
The iron factories announced the new prices for the month of July, amid a complete stagnation of the real estate and construction market in Egypt.
Ezz Steel announced a decrease in the prices of a ton of iron by 200 pounds per ton, and Ezz Steel informed the agents of the new price, which means that the price of a ton of Ezz Steel will reach 14,500 pounds per ton.
After Ezz announced its prices, other iron companies announced the new prices.
Iron traders expressed relative satisfaction with the low prices at the present time, albeit a small percentage, especially as the market suffers from a very large decline in sales rates and there was no need to increase prices in the previous period in light of the current slowdown in iron demand, and they expected a new decrease in prices. To reach about 1000 pounds next period due to stagnation.
Iron prices during today’s trading:
The price of a ton of Ezz Steel is 14,500 pounds for the consumer.
The price of a ton of iron Beshai 14500 pounds per ton.
The price of a ton of Egyptian iron is 14500 pounds per ton.
Cement prices in the local market during today’s trading:
The price of a ton of Lafarge cement is 980 pounds.
The price of a ton of Swedish cement is 828 pounds.
The price of a ton of Suez cement is 813 pounds.
The price of a ton of Egyptian cement, Beni Suef, is 898 pounds.
The price of a ton of military cement is 850 pounds.
The price of a ton of Sinai cement is 750 pounds.
Experts believe that the real estate market will witness a boom during the next few period, especially with the initiatives launched by the state with the aim of facilitating the procedures for obtaining housing units suitable for all levels, the latest of which was the real estate financing initiative with an interest rate not exceeding 3%.
In a related context, the data of the Export Council for Building Materials revealed an increase in the rate of exports of cement during the months of last January and February, to reach about 36 million dollars, compared to 26 million dollars during the same period last year, and 7 countries accounted for about 86% of exports during that period. Where Libya topped the list of these countries and accounted for 26% of the total exports, with a value of $9.3 million, while Kenya accounted for 20% of the exports, with a value of $7.1 million, while Sudan came in third place with a rate of 19.7% of the total exports, with a value of $7.1 million. Then Ghana by 7.26%, with a value of $2.61 million.
On the other hand, the General Authority of the Economic Zone clarified in its report issued on the performance of its affiliated ports during the year 2020, that the export of packaged cement to West Africa for the first time from the new berths contributed to an increase in collection revenues by 15%, trading movement by 18.5% and an increase in truck traffic by 38.1% And the tonnage of container ships increased by 11.6% compared to the year before.