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.