Stable prices for iron and cement Sunday, February 24, 2019

Iron and cement prices stabilized on Sunday, February 24, 2019, according to Ahmed Al Zeini, head of the Building Materials Division of the Cairo Chamber of Commerce.

Al-Zeini stated that the selling price of the iron on the factory floor was between 11,000 and 1,600,000 pounds per ton, between 11,200 and 11,700,000 pounds and that the price was reaching the consumer between 11,350 and 11,800,000 pounds per ton. .

Prices of pellets imported from Ukraine (the most used in Egypt) increased by $ 480 per ton, according to February 14 prices, published on the website of the Chamber of Metallurgical Industries, after reaching $ 420 a ton last month.

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.