Local Egyptian mills' flats prices on ex-works basis and excluding VAT in the domestic market are as follows:
Product | Price | Prices seven weeks ago |
EGP 3,000/mt ($542/mt) | EGP 2,800/mt ($506/mt) | |
EGP 4,200/mt ($759/mt) | EGP 4,100/mt ($741/mt) | |
HDG 0.5 mm | EGP 4,600/mt ($831/mt) | EGP 4,500/mt ($813/mt) |
HDG 1 mm | EGP 4,360/mt ($788/mt) | EGP 4,260/mt ($770/mt) |
HDG prices are given for 100 gr/m² zinc coated materials. All prices have been trending stable as compared to last week.
Due to the approach of Ramadan, flats prices in Egypt have been moving on a stable trend. The possibility that prices may decrease in the coming period has led traders to adopt a wait-and-see stance.
US$1 = EGP 5.53550