The prices of iron in the Qena markets have witnessed a significant decline in all items on the market. Following the large increase in the Egyptian companies in the past month, the company reversed its decision.
For his part, Hussein Khediwi, a steel trader and manufacturer under construction, said that the wheel of selling and buying stopped in the Egyptian markets completely, which made it paralyzed to decide the officials in these companies to cancel the increase and the authorization to reduce the price of tons of iron again during the month of April In all ports and areas in the Arab Republic of Egypt and distribution outlets, despite the high prices in general.
Khedive pointed to the decrease in the price of iron ton in Egypt by contrast, where the increases ranged from 300 pounds to 400 pounds, as decided by companies and put them on the market today.
He added that the price of Ezz Steel recorded 9500 pounds per ton, iron