Iron investment falls by 200 pounds per ton. The stability of the cement

Ahmed al-Zeini, head of the building materials division of the Cairo Chamber of Commerce, said the prices of iron investment had dropped by about £ 200 per ton since the beginning of the week, thus losing the price increase recorded last week, because the market had not accepted the increase.

Al-Zeini said for the seventh day that the contracts by which the investment iron factories are imported are still old, which is not the case at the new high prices of the kiln. He pointed out that falling demand and low liquidity have forced smaller plants to cut prices.

It should be mentioned that iron investment plants are the only ones to lead the rolling phase, ie the production of steel for reinforced concrete from the pallet, and depend on the import pellet (semi-finished iron) from abroad.

The price of the sale of iron for the delivery of the land of the factory between 11 and 1,600,000 pounds per ton, and the commercial selling price between 11,200 and 11,700,000 pounds and the consumer price of 11,350 to 11 , 8 thousand pounds per ton.

Al-Zeini expects international prices to come down in March. Scrap collection in January and February is reduced due to cold weather. The activity is back in March, indicating the existence of a global recession and an increase in the supply of steel.

For cement, prices are stable and range from £ 700 to £ 750 per ton for delivery of factory land, between £ 800 and £ 830 per ton and reach the consumer at a price of £ 800 to £ 850 per tonne. – 650 pounds per ton of land delivered to the factory, and reaches the consumer at a price of 700 to 750 pounds per ton.