On Friday, April 18, 2025, local factories and markets in Egypt experienced a significant decline in prices for both steel and cement, reflecting the latest updates from the government. The price of standard rebar, a critical material in construction, saw a notable drop, with the price of 'Ezz' rebar decreasing by 458 Egyptian pounds. Meanwhile, the investment rebar fell by 431 Egyptian pounds, indicating a broader trend in the construction materials market.
As of today, the price for a ton of 'Ezz' rebar stands at 40,017.69 Egyptian pounds. Other rebar prices include: rebar steel at 36,500 Egyptian pounds, rebar 'Beshay' at 36,244 Egyptian pounds, and rebar 'Al-Suweis' priced at 36,000 Egyptian pounds. The investment rebar is currently listed at 38,837.24 Egyptian pounds. The cement market has remained stable, with the price for a ton recorded at 3,339.2 Egyptian pounds.
The fluctuations in the construction materials market come at a time when traders in Egypt are also closely monitoring gold prices. On Thursday, April 17, 2025, the following gold prices were reported: 24-carat gold at 5,451 Egyptian pounds, 21-carat gold at 4,770 Egyptian pounds, and 18-carat gold at 4,088 Egyptian pounds. Additionally, the price of a gold pound is 38,160 Egyptian pounds, while an ounce of gold is priced at 3,818 dollars.
Market analysts indicate that the prices of gold are subject to frequent changes due to various factors, including factory fees, taxes, and the current state of the global economy. Investors are particularly concerned about safe havens, which has led to increased interest in gold as a viable investment option.
Furthermore, the Ministry of Planning has announced the launch of new investment plans aimed at citizens across all governorates for the fiscal year 2024/25. This initiative is expected to encourage local investments and stimulate economic growth in various sectors.
In a related development, a meeting was held regarding the reconstruction of the pyramids in South Africa, following recent decisions from the authorities. This meeting underscores the ongoing efforts to preserve historical sites and promote tourism, which is a vital part of Egypt's economy.
As the market continues to evolve, it is crucial for consumers and investors alike to stay informed about the latest trends and price changes. With the construction materials market showing signs of fluctuation and gold prices potentially on the rise, the coming weeks will be pivotal for economic stability in Egypt.
In light of these developments, individuals looking to invest in gold or construction materials should consider the current prices and market trends carefully. The ongoing economic conditions globally are likely to influence local markets, making it essential for stakeholders to adapt accordingly.
Overall, the decline in prices for rebar and the stability in cement prices are positive indicators for the construction industry, which has faced numerous challenges in recent years. As Egypt navigates these changes, the focus on sustainable growth and investment opportunities will play a critical role in shaping the future of its economy.
In conclusion, the latest updates from the local markets reflect a complex interplay of factors affecting prices in both the construction and precious metals sectors. Whether it’s the falling prices of rebar or the fluctuating costs of gold, consumers and investors must remain vigilant and informed to make the best financial decisions.
