Factory-Gate Steel Prices Decline as Cement Market Shows Relative Stability in Egypt
Egypt’s construction materials market recorded a noticeable decline in factory-gate steel prices across several leading producers, while cement prices maintained relative stability, with variations depending on brand and quality, according to the latest market updates.
In the steel sector, prices fell among the most actively traded companies. Ezz Steel recorded a price of EGP 37,285 per ton, marking a decline of EGP 226, while investment-grade steel dropped to EGP 35,790 per ton, down by EGP 287.
Steel prices across the market were distributed as follows:
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Premium category: Including Attia and Beshay factories, with prices reaching EGP 38,500 per ton.
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Mid-tier category: Including Al Masreyeen, El Attal, and El Maadi factories, averaging EGP 38,000 per ton.
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Economic category: Including El Komy and El Eshry factories, with prices starting from EGP 36,000 per ton.
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Rolling mills: Recorded higher prices, starting from EGP 42,000 per ton.
In the cement sector, prices witnessed relative stability. Grey cement recorded approximately EGP 4,085 per ton, while Suez Cement stood at around EGP 3,650 per ton.
Meanwhile, Suez and Helwan Cement prices ranged between EGP 3,450 and EGP 3,460 per ton, whereas economic brands such as Al Fahd and Al Moallem started from EGP 3,340 per ton.
Market participants in the construction and building sector are closely monitoring price movements in the coming period, amid fluctuations in supply and demand, changes in production costs and input prices, and their potential impact on real estate activity and the construction sector as a whole.