Steel prices Hike by USD 11.205 Per Tonne

Steel prices Hike by USD 11.205 Per Tonne

Cairo Chamber of Commerce announces that three Egyptian steel producers have raised steel prices for the local market by EGP 200 (USD 11.205) per tonne, Reuters reports.

Suez Steel raised steel prices to reach 10,700 pounds per tonne on an ex-works basis, while in Egyptian Steel and Beshay Steel, the prices hit EGP 10,700 and EGP 10,715 per tonne, respectively, says Ahmed El Zeiny, head of General Building Materials at Cairo Chamber.

Menna A. Farouk 368 Posts

Menna A. Farouk is a Cairo-based reporter. She has contributed to several international news organizations, including Deutsche Welle, Al-Monitor and Global Voices.


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