print logo

Steel Guru: Egypt steel and cement prices rise in January

The price of regular Portland cement rose from EGP 22.93 to EGP 25.48 per 50 kilogram bag while the price of steel rose by 2.46%.
19.02.12 | Interesting article at Steel Guru

The Egyptian prices of steel and cement rose in January by around 2% and 11% respectively compared to December 2011.

The Central Agency for Public Mobilization and Statistics said that the price of regular Portland cement rose from EGP 22.93 to EGP 25.48 per 50 kilogram bag. The price of steel rose by 2.46% from EGP 4683 in December to EGP 4798 per tonne.

Compared to prices in the same month last year, the average steel price rose by 5.59% this January while Portland cement prices dropped 6.67%.

Mr Kamal al Ganzouri PM of Egypt announced last month that the government was injecting EGP 2.5 billion into construction companies to create more jobs and revitalize the sector.