The Egyptian construction market witnessed stable prices of iron and cement on Saturday, October 3, 2026. According to data from the local price portal, affiliated with the Egyptian Cabinet, the prices of these essential building materials have not experienced significant changes. This stability is crucial for the construction sector, which is a significant contributor to Egypt's economy. The prices of iron and cement have been under scrutiny lately due to fluctuations in the global market.
The current prices of iron in Egypt vary among different companies. The average price of investment iron is around 37,767 Egyptian pounds per ton. Specifically, the price of iron from the "عز" company is approximately 39,949 pounds per ton, while "المراكبى" iron is priced at 38,500 pounds per ton. Additionally, "بشاى" iron costs around 38,000 pounds per ton, and "العشرى" iron is priced at 34,500 pounds per ton. These prices are based on the latest data available from the local market.
In the cement sector, prices also remained stable on October 3, 2026. The price of gray cement is around 4,080 pounds per ton. Specifically, "الرَمادى" cement is priced at 4,080 pounds per ton, "الفهد" cement at 3,980 pounds per ton, and "السويس" cement at 3,850 pounds per ton. The stability in cement prices is essential for the construction industry, as cement is a fundamental material in building projects.
The recent stability in iron and cement prices can be attributed to various market and economic factors. The partial increase in iron prices is primarily due to the recent surge in the US dollar exchange rate, which directly affects the cost of importing raw materials and fuel used in local factories. The rise in energy prices, resulting from the gradual reduction of fuel subsidies, has also contributed to increased production and operating costs for energy-intensive factories.
Industry stakeholders are closely monitoring the exchange rate and global inflation trends. If the dollar were to experience another surge, it could lead to a new wave of price increases. Conversely, a stable exchange rate could help calm the market, especially given the sufficient local supply of iron and cement. The construction sector is keenly observing these developments, as they directly impact the cost of building projects.
The Egyptian government has been working to stabilize the market and control prices. The local price portal, affiliated with the Cabinet, plays a crucial role in monitoring and publishing prices of essential goods, including construction materials. This transparency helps stakeholders make informed decisions and maintains market stability.
In conclusion, the prices of iron and cement in Egypt remained stable on October 3, 2026. The current prices are as follows: iron ranges from 34,500 to 39,949 pounds per ton, and cement ranges from 3,850 to 4,080 pounds per ton. The stability in these prices is vital for the construction sector and the overall economy.
Key points
- The prices of iron and cement in Egypt are stable on October 3, 2026.
- The current prices of iron range from 34,500 to 39,949 pounds per ton.
- The stability in prices is attributed to market and economic factors, including the exchange rate and energy prices.
