Ezz Steel Group decided to reduce the price per ton of steel by 150 pounds for delivery in October to reach price per ton of iron of this kind ex-factory to 3700 and reach the consumer, to about 3850 pounds.
The price per ton of Ezz Steel during the month of September rose by about 350 pounds to about 3850
Pounds ex-factory and reach the consumer after the addition of transportation costs and profit margin to about 4
Thousands of pounds per ton.
An official source told the company that the goal of reducing the price is moving the market and face
State of severe recession, which is suffering from it, especially after the high price for delivery in September, as
That the price of a raw billet enters the main industry in the rebar has seen stable
Relatively in the past month.
It is expected to announce the rest of the national companies and investment prices in the 24
The next hour, as it was awaiting announcement of Ezz Group as the largest production companies
Iron in Egypt and the Middle East, covering more than 60% of the needs of the local market.
The rest of the companies followed the example of Ezz Steel in the last month and raised prices to reach
Average price per ton of steel in these companies are close to the price of Ezz Steel, while the keenness of iron
Turkey to reduce oil prices at around 200 pounds per ton price of domestic production.
The domestic market is still suffering from a severe recession and a lack of demand despite the end of
Ramadan seasons and holidays, and the volume of idle stock in the stores and warehouses
For more than a million tons, prompting traders to sometimes having to sell for less than price
Advertiser in order to encourage citizens to turn to buy the product and the reduction of the National
Increased acquisition of the Turkish importer of iron on the market.
