{"id":594474,"date":"2019-10-30T04:07:42","date_gmt":"2019-10-30T04:07:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/30\/steel-prices-hit-four-year-low-amid-falling-demand\/"},"modified":"2019-10-30T04:07:42","modified_gmt":"2019-10-30T04:07:42","slug":"steel-prices-hit-four-year-low-amid-falling-demand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/30\/steel-prices-hit-four-year-low-amid-falling-demand\/","title":{"rendered":"Steel prices hit four-year low amid falling demand"},"content":{"rendered":"

Factory prices of steel rebar have fallen below EGP 10k per ton, its lowest level since the EGP float, the CEO of steel distributor El Massia, Khaled El Degwy, said<\/a>. Factories have slashed prices by EGP 1k per ton for wholesalers on the back of falling global prices and weak domestic demand. Ezz Steel has lowered its sale price of rebar by EGP 1k to EGP 9.9k per ton, and its roll price by EGP 900 to EGP 9.8k per ton. El Garhy steel lowered its prices for the third time this month to EGP 9.5k per ton, the lowest price on the market. Factories have cut prices repeatedly this month<\/a> as local demand falls and producers face increasing competition from international companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Factory prices of steel rebar have fallen below EGP 10k per ton, its lowest level since the EGP float, the CEO of steel distributor El Massia, Khaled El Degwy, said. Factories have slashed prices by EGP 1k per ton for wholesalers on the back of falling global prices and weak domestic demand. Ezz Steel has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[2416,317,130,72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594474","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-commodities","tag-construction","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"4cffa933-f0a5-4c6e-b973-4debe50cbfe0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[594445],"teaser":"","voice_url":""},"yoast_head":"\nSteel prices hit four-year low amid falling demand - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/30\/steel-prices-hit-four-year-low-amid-falling-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steel prices hit four-year low amid falling demand\" \/>\n<meta property=\"og:description\" content=\"Factory prices of steel rebar have fallen below EGP 10k per ton, its lowest level since the EGP float, the CEO of steel distributor El Massia, Khaled El Degwy, said. Factories have slashed prices by EGP 1k per ton for wholesalers on the back of falling global prices and weak domestic demand. 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Representatives from the Consumer Protection Agency, the Federation of Egyptian Industries, and the Federation of Egyptian Chambers of Commerce will decide prices for between 10\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/384.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593622,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/long-delayed-steel-tariffs-ruling-takes-its-toll-on-local-steelmakers\/","url_meta":{"origin":594474,"position":2},"title":"Long-delayed steel tariffs ruling takes its toll on local steelmakers","author":"enterpriseam admin","date":"3 October 2019","format":false,"excerpt":"Long-delayed steel tariffs ruling takes its toll on local steelmakers: Egyptian steel companies have slashed prices as they struggle to cope with the uncertainty caused by the delayed ruling on the government\u2019s imposition of tariffs on rebar and iron billets, S&P Global Platts reports. 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