Iron prices at Wednesday 04-9-2019 in factories and construction materials companies are instantly updated

We offer you our dear ones Iron prices today Wednesday, September 04, 2019, factories and construction materials companies have become aware of an instant update, while iron prices are experiencing lasting stability, increased Iron price Notably during the end of 2017 and the beginning of this year 2018, due to the most important factors of the liberalization of the Egyptian pound exchange rate at the end of 2016, as well as the removal of Egyptian government subsidies. on the prices of electricity and fuels, which have had an impact on the cost of production, and these prices are discounted in the tables You continue all day.

Iron price to Wednesday 04-9-2019

Witness Iron prices today A stable state where prices have not changed for a long time, on average Iron prices today On the Egyptian market, 11400 Egyptian pounds per ton and the prices shown in the tables are the delivery prices of the factory land, without taking into account the shipping and transport charges nor the percentage of the goods. ;agent.

Factors Influencing Iron Prices in Egypt

Iron price in Egypt Directly related to commodity prices globally and one of the most important factors affecting Iron price World prices of pallets because they are the most powerful driver of domestic iron prices, and it is difficult to predict their trends, and on what basis they increase The price of iron in Egypt Or fall. As well Dollar exchange rate Significantly affects the Iron price, Where his height is pupil Iron price And vice versa, also submission The iron The law of supply and demand, linked to the increase in market demand due to megaprojects, leads to a rise Iron price.

Expectations of the price of iron in Egypt in the coming period

Ahmed Al-Zaini, head of the building materials division of the Chamber of Commerce, said that Iron price in Egypt In the coming period, the value of the pallet will fall to around 50% of its price, the main component of the iron production and processing process. The imported steel that will be present in the market during the coming period will create a balance between the needs of the supply and the market. So, the continuing decline is expected Iron price in Egypt In the coming months.

Update: The price of iron today in Egyptian factories and enterprises

• Stability Iron prices today Wednesday 04-9-2019 in all factories and enterprises, have scored Your iron price today In the factory decimal the amount of 11500 pounds, while the price recorded in the factory Kumi 11430 pounds per ton, and there are many reasons that led to a decline Iron price in Egypt The past period, including the decline in world prices of pallets, lower prices in dollars and the submission of iron to the law of supply and demand.

We welcome your comments with your expectations Iron price in Egypt In the next days.