The prices of Ezz Iron and Investment Iron and the prices of building materials decreased today, Sunday 23-2-2025, and the prices of building materials in Egypt witnessed today, Sunday, February 23, 2025, a noticeable decline in the prices of Ezz Iron, as the price of the ton decreased by 799 pounds, to reach 38,847 pounds.
The price of investment iron decreased by 947 pounds, to 36,866 pounds per ton. As for gray cement, its price increased by 342 pounds, to reach 3,481 pounds per ton.
How much is the price of Ezz iron today?
- Average price: 38,847 pounds
- The value of change: -799 pounds
- Change ratio: -2.02%
The price of the Ezz iron ton decreased today by 799 pounds, which represents a decline of 2.02%, bringing the average price to 38,847 pounds per ton.
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How much is a ton of investment iron today?
- Average price: 36,866 pounds
- The value of change: -947 pounds
- Change ratio: -2.51%
The price of a ton of investment iron witnessed a decrease of 947 pounds, with a decline of 2.51%, bringing the average price to 36,866 pounds per ton.
How much is a ton of gray cement today?
- Average price: 3,481 pounds
- The value of change: +342 pounds
- Change ratio: +10.9%
The price of a ton of gray cement today increased by 342 pounds, which represents an increase of 10.9%, bringing the average price to 3,481 pounds per ton.
Iron and cement prices analysis today
The prices of Ezz Steel and Investment Iron witnessed a remarkable decline today, as the price of Ezz iron decreased by 799 pounds (2.02%), and the investment iron by 947 pounds (2.51%). This decrease is due to the decline in the price of the dollar in the parallel market, which led to a decrease in the costs of importing raw materials needed for production. In addition, the global bilite row contributed to reducing production costs, reflected on iron prices locally.
On the other hand, the price of gray cement increased by 342 pounds (10.9%), as a result of an increase in the demand for cement with the resumption of some real estate projects and the increase in construction and construction activity in some areas. Also, changes in energy and transportation costs may have affected the cost of cement production, which led to high prices in the local market.
Real estate prices in Egypt
Reda Lashin, economist and real estate wish, explained that real estate prices in Egypt are currently reaching their economic peak, as real estate prices have witnessed relatively stability since the decision to return to the conditions for building the 2008 Law and cancel the conditions for building the 2021 Law. Lashin pointed out that the Egyptian government realized the inflation of real estate prices And stagnation in the construction sector, so I quickly decided to back down from the emphasis policies and grant new facilities to support the construction and construction sector, Especially that they are in the restoration of the finishing sector.
Egyptian real estate market
Regarding the purchasing power and the equation of supply and demand in the Egyptian real estate market, Lashin explained that the market needs about 500 thousand housing units annually, while only about 60 thousand housing units have been provided since the issuance of the construction conditions 2021. He added that the new facilities will contribute to pumping construction into arteries Real estate market again.
Lashin continued that the entry of 12 million refugees to Egypt from the Arab brothers led to an increase in the demand for the property, which led to the erosion and decline in the closed real estate reserve. Lashin stressed that the return of real estate activity will contribute to achieving a balance between supply and demand, expecting that the activity will return between 6 to 12 months after the announcement of the new facilities, considering that this period is sufficient for a full construction cycle and building additional roles and activating the lands that are broken since 2021.
What factors are driving the recent increase in gray cement prices in Egypt?
exclusive Interview: Egypt’s Iron and Cement Sector Today with Industry Expert Dr. Aisha El-Said
Archyde News Editor: Dr. El-Said, thank you for joining us today. let’s dive right in. The prices of Ezz Iron, Investment Iron, and building materials have recently seen meaningful changes. Can you give us an overview of what’s happening in the market?
dr. Aisha El-Said, Industry Expert and Managing Director of Almec Consultancy: thank you for having me. Indeed, we’ve witnessed a noticeable decline in iron prices and a slight increase in cement prices today, Sunday, February 23, 2025.
What’s the latest on Ezz Iron prices?
The price of Ezz Iron has decreased by EGP 799, bringing the average price to EGP 38,847 per ton. This represents a decline of 2.02%.
And what about Investment Iron?
The price of Investment Iron has also decreased,by EGP 947,reaching an average price of EGP 36,866 per ton. This is a decline of 2.51%.
now, let’s talk about cement.How has the increase in gray cement prices impacted the market?
Gray cement prices have seen a significant increase of EGP 342 per ton, reaching an average of EGP 3,481. This represents an increase of 10.9%.
Dr. Aisha El-Said: The decline in iron prices can be attributed to the decrease in the price of the dollar in the parallel market,which has reduced production costs.Additionally, the global billette row has contributed to lowering production costs, reflecting on local iron prices.
Conversely, the increase in cement prices is due to higher demand, and also changes in energy and transportation costs, which have affected production costs.
Dr. El-said, what do you predict for the real estate sector in Egypt, given these fluctuations?
Dr. Aisha El-Said: The real estate sector in Egypt is expected to stabilize and see growth in the coming 6 to 12 months. The recent facilities granted by the government to support the construction and real estate sector should contribute to pumping activity back into the market, addressing the significant gap between supply and demand.
Your thoughts on the role of our readers in shaping the market’s future?
dr.Aisha El-Said: Our readers, being part of the market, can influence its future through informed decisions. staying updated on market trends and understanding how each sector interconnects will enable them to make better choices when investing and consuming.
Thank you,Dr. El-said,for sharing your expertise and insights. We look forward to discussing more market trends with you in the future.