On April 12, 2025, the Egyptian market has seen significant fluctuations in the prices of essential construction materials, particularly iron and cement, alongside a notable increase in fuel prices. These changes have sparked considerable interest among consumers and builders alike, as they navigate the implications of these price adjustments.
According to recent updates, the price of 'Azz' iron, one of the most popular and high-quality iron brands in Egypt, has decreased by 767 Egyptian pounds, now standing at approximately 39,500 pounds per ton. This reduction presents a timely opportunity for those looking to invest in construction, as it contrasts sharply with the rising costs observed in recent months. The price of imported iron has also seen a significant decline, now estimated at about 37,511.11 pounds per ton, while the cost of steel iron is set at 36,500 pounds per ton. Other brands, such as Beshay and Swiss iron, are priced at 36,244 and 36,000 pounds per ton, respectively.
Meanwhile, the cement market has remained relatively stable, with no significant changes reported in the prices. The latest figures indicate that the price of Holwan cement is around 3,350 pounds per ton, while the Arab Company cement is priced at 2,000 pounds. Other types of cement, including Romady and Military cement, are priced at 3,262 and 3,300 pounds per ton, respectively. The stability in cement prices comes as a relief amidst the fluctuating iron prices, providing some consistency for builders.
In the realm of fuel, the Egyptian government has officially implemented new gasoline prices, which have risen considerably. The Ministry of Petroleum and Mineral Resources announced that the price of 95 gasoline has increased from 17 to 19 pounds per liter, while 92 gasoline now costs between 15.25 and 17.25 pounds per liter. The price of 80 gasoline has also seen an increase, now ranging from 13.75 to 15.75 pounds per liter. Diesel prices have risen from 13.5 to 15.5 pounds per liter, marking a significant rise across all fuel types.
This increase in fuel prices is attributed to a review conducted by the Ministerial Pricing Committee, which had postponed its meeting for six months since October 2024. The recent adjustments reflect the government's ongoing efforts to reform the subsidy system for energy, aimed at reducing the financial burden on the economy. The rise in fuel prices is expected to have immediate effects on various sectors, potentially leading to increased transportation costs and, subsequently, higher prices for goods and services.
As of April 11, 2025, the new pricing for gasoline and diesel has been enforced, with the government sending notifications to all governors to ensure compliance across the country. This sudden increase has raised concerns among consumers, who are now faced with the challenge of adapting to the new economic landscape.
In summary, the fluctuations in the prices of iron, cement, and fuel in Egypt are reflective of broader economic trends and challenges. While the drop in iron prices may offer some respite for builders, the rise in fuel costs poses a significant challenge for consumers and businesses alike. As the government continues to navigate these economic pressures, stakeholders across various sectors will need to remain vigilant and adaptable to the changing market dynamics.
With the construction sector facing these price changes, many are left wondering how these adjustments will impact future building projects and the overall economy. The coming weeks may reveal whether these price trends stabilize or continue to fluctuate, making it crucial for buyers and builders to stay informed.
