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“Al-Masry Al-Youm” provides a service for the evolution of the prices of iron and cement during the transactions of today, Sunday July 4, 2021, in a state of stability and anticipation, in particular after having increased the prices. prices 3 times in a row in a month, which pushed the prices of cement and other building materials also increased, and the market saw a price change as the lowest price per tonne of iron exceeded 14,000 books, ex works from the factory
The steel factories announced the new prices for July, which have become the same as June prices so far, and a complete stagnation of the real estate and construction market in Egypt.
Ezz Steel announced a price increase for a ton of iron by 150 pounds per ton, and Ezz Steel informed agents of the price increase. Prices have increased twice in the same month, and the price of a tonne currently exceeds 14,600 pounds per tonne.
After Ezz announced a price increase, this was followed by the Egyptian Steel Company’s announcement of a price increase of 150 pounds per ton, bringing the price per ton also to 13,700 pounds, also delivering the factory land, after which it would increase the price twice in the month.
Before the end of last April, Ezz Steel Company announced a price increase for sheet metal of about 1,750 pounds per tonne, to be implemented on May 1, explaining that the increase was due to higher prices. international crude prices.
Iron traders have criticized the rise in prices at the moment, especially as the market suffers from lower selling rates and there is no need to increase prices given the current slowdown in demand for iron. market activity in the coming period and an increase in demand for iron after construction conditions are highlighted New developments in several cities are prompting real estate investors to revitalize their business after a hiatus of several months .
Price of iron during today’s session:
The price of a ton of steel Ezz 14600 – delivery from the factory land, where the cost is expected to increase by about 300 pounds per ton until it reaches the consumer.
The price of a ton of Beshai iron 14,500 pounds per ton.
The price of a ton of Egyptian iron is 14,500 pounds per ton.
The price of a ton of iron decimal 14,300 pounds per ton.
The price of a ton of iron ships is 14,300 pounds a ton.
Cement price 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 experience a boom during the next period, in particular with the initiatives launched by the State with the aim of facilitating the procedures for obtaining suitable housing at all levels, the most recent of which is the initiative for real estate financing real estate with an interest rate not exceeding 3%.
In a related context, data from the Export Council for Building Materials revealed an increase in the cement export rate during the months of January and February, to reach about $ 36 million, from $ 26 million in the previous year. during the same period last year. Libya topped the list of these countries with 26% of total exports, with a value of $ 9.3 million, while Kenya accounted for 20% of exports, with a value of $ 7.1 million, while that Sudan came in third place, with a rate of 19.7% of total exports, worth $ 7.1 million, followed by Ghana by 7.26%, with a value of 2.61 million of dollars.
On the other hand, the General Authority of the economic zone specified in its report published on the performance of its affiliated ports during the year 2020, that the export of conditioned cement to West Africa for the first time from the new berths contributed to an increase in collection revenue of 15%, traffic movement of 18.5%, and movement of trucks by 38.1% And the tonnage of carriers containers increased by 11.6% over the previous year.
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