Economic: a new decline in iron prices .. And experts reveal the reason

Economic: a new decline in iron prices .. And experts reveal the reason

Hello dear visitor on the site of economic, economic: a new decline in iron prices .. And experts reveal the reason, where we strive to be at the good follow-up to our site, New decline in iron prices .. Experts reveal the reason Dear visitor, The economic site is a comprehensive news site that includes the latest developments in the Arab and international arena, the economic: a new decline in iron prices .. Experts reveal the reason, as we search for the most important and latest news from all sites and news agencies, the economic: a new decline in prices Iron .. And experts reveal the reason, to be displayed on our site, New decline in iron prices .. Experts reveal the reason , So you can follow everything new in the news world. Monday, April 16, 2018 7:12 am Economic After a series of consecutive rises in the past two months, the Egyptian market witnessed a new decline in the price of iron ton in most companies operating in Egypt, worth between 200 to 400 pounds. Merchants of building materials attributed the drop in prices to the decline in prices of pallet ore globally at a value of between $ 30 to $ 40; as most Egyptian iron companies import pallet ore from abroad. The price of tons of iron Ezz worth 262 pounds, to record 12528 pounds per ton, compared to 12790 10 days ago. The price of Al-Marakbi Steel fell to LE 12350, compared to LE 12675, down EGP 325 per ton and Egyptian Iron to LE 12,500 compared to LE 12,850 at the beginning of the month. Al-Jarhi Steel lost 300 pounds per ton to 12450 pounds, against 12750 pounds. The price of Tanta iron fell to 12250 pounds, compared to 12600 pounds, down 350 pounds in 10 days. The price of a ton of iron in the companies of Quta and Sarhan to 12250 pounds for 12700 pounds, down 450 pounds. Further reduction “The main reason for the drop in prices is the drop in pallet prices worldwide,” said Ahmed al-Zaini, head of the building materials division. Al-Zaini said in remarks to Arab Egypt that although prices have fallen, they are not commensurate with the size of the drop in pallet prices because the pallet has dropped 40 dollars and the iron companies have only reduced 200 or 400 pounds per ton. “But when the price of a pallet rises only $ 10, companies are raising the price of iron so we are waiting for further price declines in the coming period.” Pallet Khalid Al-Dajwi, head of Al-Masiya Company for Iron Trading, said that the prices of iron have been declining for the past two days with a value ranging from 250 to 450 pounds per ton for delivery. Al-Dujawi attributed this decline to a drop in pallet prices from $ 570 per tonne to $ 530 per ton. Al-Dujawi expected a further decline in the prices of tons of iron, if the price of pallet and scrap continues to decline. The price of steel has seen a big jump and continued at the beginning of last month, as a result of the rise in the price of “pallet” and scrap worldwide, because of the turmoil raised by President Trump’s decision on the imposition of tariffs on imports of iron in America. We thank you for the good follow-up, the economic: a new decline in iron prices .. And experts reveal the reason, do not forget the most impressive pages of social networking sites for the site, to receive you the latest news, political and economic, sports and technical first-class economic site, New decline in iron prices .. Experts reveal the reason . Source : The Arabian Egypt

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