The Building Materials Division confirmed that iron prices may witness a new downturn before the end of the yearVisits : 222

The Building Materials Division confirmed that iron prices may witness a new downturn before the end of the year

The Building Materials Division of the Cairo Chamber of Commerce, confirmed that iron prices may witness a new wave of decline before the end of the year, and that there are several factors that control prices, the most important of which are supply and demand, then the cost of the product and competition within the market. And that the dollar exchange rate contributes to a decrease in the prices of raw materials used in the iron industry by more than 70 dollars per ton, and that competition between factories contributed to increasing production, and that next year will witness the pumping of additional quantities to the market that will reach more than 5 million tons of iron and thus the total supply will increase This will bring down prices again.