Iron prices changed today in the local market today, Monday, April 24, 2023, a variety in the prices of building materials, especially a ton of iron in recent days, due to its impact on the global economy. Consumers about iron prices, especially those interested in the field of construction and reconstruction. The field of the iron market is also subject to supply and demand, which leads to a change in prices. The iron sector is one of the most important economic fields in Egypt.
Iron prices today.. its prices and the factors affecting its price:
Al-Fajr portal presents to you the details of iron prices today, the new changes, and the factors affecting its price, as part of the site’s continuous service to its followers and visitors around the clock, moment by moment.
Iron prices today… Names of companies and prices:
Iron prices today.. The following prices are for a quantity of not less than 30 tons, by paying in cash or in installments, and not specific to the price of companies and factories, according to the mechanism of supply and demand in the Egyptian local market, at the cost of transportation.
The price of Ezz Steel is 40,200 pounds.
The price of Egyptian iron is 39,500 pounds.
The price of iron with tea is 39,700 pounds.
The price of the porter iron is 39,500 pounds.
The price of Attia iron is 39,400 pounds.
The price of Sarhan iron is 39,500 pounds.
The price of ferry iron is 39,500 pounds.
The price of Komi iron is 39,000 pounds.
The price of Maadi iron is 39,300 pounds.
The price of El-Ashry iron is 39,500 pounds.
The price of Bianco iron is 39,000 pounds.
The price of Egypt Steel is 39,000 pounds.
Iron prices today.. What are the factors affecting the price of a ton of iron today:
Iron prices today.. the global price of ores:
Iron prices for the consumer depend on the global pellet price, because there is an equation between the prices of metallic elements around the world, so when the price of a ton of iron rises globally, it will also rise in Egypt.
Iron prices today.. production costs:
It is the cost of the manufacturing process, which includes the cost of the energy resources used to produce the product, labor, transportation costs, and recommended fees.
Iron prices today.. the price of the US dollar:
As the exchange rate of the US dollar controls the price of building materials and other mineral materials inside Egypt due to the import of raw materials for manufacturing.
Iron prices today.. Supply and demand policy:
The demand for iron greatly affects its price, as is the case with other economic sectors that are affected by the policy of supply and demand. If the level of demand is high, the price of a ton of reinforcing steel will rise, and if the demand is weak, the price will drop dramatically.