“A surprise for those who want to build” A new drop in the prices of building materials today, Monday 3/4/2024…and the reason is Ras Al-Hikma

During the recent period, the building materials markets witnessed a decline in their prices, including the prices of rebar and raw billet, which led to a negative impact on the building materials market in general. In this context, the price of a ton of investment iron witnessed a decline of 3,350 pounds in recent days. In contrast, The price of gray cement increased by 29 pounds per ton.

The agent of the Real Estate Development Chamber announced that Egypt was able to achieve the largest direct investment deal in its history, as $35 billion was obtained from the Ras El Hekma development deal. The agent confirmed that the positive effects of this deal began to appear, pointing to a significant decline in the price of the dollar on the black market. The exchange rate stabilized, as well as the improvement of the conditions of many companies.

Reinforcing steel is one of the most prominent materials used in the construction sector, and the decline in its prices means a lower cost for construction projects and buildings. On the other hand, the rise in gray cement prices can affect the cost of projects and reflects the increased demand for this material in the market.

Iron prices today, Monday, March 4, 2024:

  • The price of a ton of investment iron was 51,105.36 pounds.
  • Ezz Steel recorded about 52,283.12 pounds.
  • The price of Suez steel reaches 53,000 pounds.
  • The price of boat iron is 54,000 pounds.
  • Misr Steel records 52,000 pounds.
  • The price of El-Garhy steel is 53,000 pounds.
  • The price of Al-Gyoushi steel reaches 52 thousand pounds.

Cement prices today, Monday, March 4, 2024 in Egypt:

The price of a ton of Ramadi cement was 2,306 pounds.

The price of a ton of Al-Nasr cement reached 1,910 pounds.

The price of a ton of premium cement reached 2,160 pounds.

The price of a ton of military cement reached 1,960 pounds.

The price of a ton of special cement reached 1,940 pounds.

The price of a ton of construction cement reached 2,150 pounds.

The price of a ton of Swedish cement reached 2,070 pounds

The price of a ton of Suez cement reached 1,990 pounds.

The price of a ton of Helwan cement reached 1,980 pounds.

In this context, the Undersecretary of the Real Estate Development Chamber of the Federation of Industries expected a decline in the prices of all building materials during the coming period. It is expected that this decline will contribute to revitalizing economic activity and stimulating the building and construction sector in the country. It is expected that investors and professionals in the construction sector will benefit from the decrease in project costs and the increase in project costs. Demand for construction materials.

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