Iron prices in Egypt’s building materials market showed remarkable stability on Wednesday, maintaining levels without notable increases or decreases, according to industry sources.
The stability reflects a broader calm in the construction sector, providing predictability for developers and investors.
The factory price of a ton of rebar ranged between EGP 38,000 and EGP 38,500, while the final consumer price fell between EGP 39,000 and EGP 40,000 per ton.
Data from the Cabinet’s local price portal indicated that integrated steel was priced at EGP 39,138 per ton, while investment steel reached approximately EGP 36,372 per ton.
For the eleventh consecutive month, Ezz Steel has maintained its prices, sending official notifications to markets to preserve previous levels without reductions or increases.
The head of the Building Materials Division confirmed that this pricing stability has persisted since October, noting that producing companies are committed to consistent pricing policies.
He detailed that integrated steel factory prices range between EGP 38,000 and EGP 38,200 per ton, while consumer prices sit between EGP 38,500 and EGP 39,000 per ton.
Investment steel prices at the factory range from EGP 23,000 to EGP 36,000 per ton, reaching consumers at between EGP 34,000 and EGP 37,000 per ton, depending on product type and manufacturer.
The Division head highlighted the market impact of sustained price stability. Contractors and real estate developers can plan projects with greater certainty, as iron is a key construction input influencing overall project costs.
He emphasized that stable prices serve as a positive signal, demonstrating relative calm in the building materials sector despite global pressures such as rising energy costs, shipping challenges, and fluctuations in raw material prices.
This extended period of stability offers reassurance to the construction industry, allowing companies to allocate budgets effectively and manage projects without the risk of sudden material price shocks.
As the sector prepares for continued development, market watchers are closely monitoring whether this stability will persist in the face of ongoing global economic challenges.
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