El Zeiny: producing companies thirst the market

Bookmark and Share

Monday - 20 June 2016 - 9:42 AM

newphoto

 

Mr. / Ahmad El Zeiny head of the Division of construction materials, the Federation of Chambers of Commerce, said the deficit in the iron volume in markets each month, and the actual market price is less than the official publications of companies reference because the low demand for construction materials are forced companies to test the market daily by announcing high prices, then inform the agents about actual prices based on the demand. the official price of iron 5550 but it is sold to the consumer at 5400 because of the monopoly of Ezz Steel, it occupied 55% of the Egyptian iron stake also two companies Beshay and Suez on only occupied 30% so companies thirsty for high prices.

 

He also stressed that cement prices are stable at the moment, due to declining demand and a weak construction and construction processes in Ramadan, and he expects the increase in prices during the second half of next July by 50 pounds per ton.