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Today, the Egyptian building materials market experienced fluctuations in steel prices. The investment steel price increased by approximately 374 Egyptian pounds, reaching around 38,470 pounds per ton, while Ezz Steel's price decreased by about 52 pounds to approximately 39,888 pounds. This occurs amid steady global raw material prices and factors such as iron ore prices and production costs. Steel is a fundamental pillar in the construction sector, and any change in its prices impacts the cost of real estate and infrastructure projects in Egypt. Market expectations suggest relative stability, supported by ongoing demand for construction projects in new areas.
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