Steel Rebar Prices and Forecast for Construction Industry

The price of reinforcing steel today is one of the most prominent topics of interest to investors and those working in the construction and contracting sector, due to its continuous fluctuations as a result of several factors, including global raw material prices and transportation and manufacturing costs. In this article, we highlight the price of steel today in Egypt, focusing on Ezz Steel as one of the best and most famous types of steel, in addition to explaining how to calculate reinforcing steel in concrete foundations and a set of important related information.

Iron price per kilo today

Last October, Ezz Steel announced that it would be freezing its product prices for three months, assuring its customers that no price increases were expected during that period, in light of its continuous monitoring of raw material and steel industry input prices.

The company explained that the decision to fix prices came as a result of a careful study of changes in global raw material prices, especially iron ore and billets, in addition to other production elements such as coal and energy sources, in order to ensure price stability in the market. Contact us now to inquire about the price of reinforcing steel today.

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Rebar price today in Egypt

The price of reinforcing steel in Egypt continues to fluctuate today, influenced by several factors, such as global iron ore prices, shipping costs, and the dollar exchange rate against the Egyptian pound. With the decline in the price of steel today, traders and contractors expect prices to continue falling in the coming period, but this remains dependent on market activity and economic factors.

The price of a ton of reinforcing steel today in Egypt.

Price is affectedReinforcing steelIn general, this is due to several factors, which we will mention in some detail in the following points:

1. Global iron ore pricesProduction costs are directly affected by the prices of imported raw materials.
2. Transportation and distribution costsLocal and international transportation costs affect the final prices.
3. Supply and demand ratesIncreased demand leads to higher prices, and vice versa.
4. Dollar to Egyptian Pound exchange rateThe exchange rate affects import costs and therefore iron prices are affected.

Future forecasts for iron prices

Economists expect that iron prices will continue to fluctuate in the coming period, due to changes in global raw material prices, in addition to new economic policies in Egypt, as well as changes in the cost of energy used in factories. Therefore, it is recommended to monitor prices continuously in order to make purchasing decisions at the right time.

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Rebar prices today

Ezz Steel is one of the largest and most important producers of reinforcing steel in Egypt, and it holds the largest share of the Egyptian steel market. It is also one of the leading companies in providing high-quality products, committed to international standards.

Prices depend Reinforcing steel Today, the price remains the same as previously mentioned factors, and according to the latest updates, the new price per ton for the consumer has reached between 40,700 and 41,000 pounds, and the price per ton from the factory started at about 38,847 pounds per ton.

How to calculate the reinforcement steel for foundations

Calculating the reinforcement steel in foundations is important to ensure the safety and sustainability of structures. It depends on the type of foundation and the loads acting on it. The following is an approximate method for calculating the reinforcement steel in foundations:

1- Determining the concrete volume for the foundations

To calculate the required amount of steel, the volume of concrete in the reinforced foundations must first be calculated using this equation.

• Volume of concrete = Length × Width × Height.

2- Using approximate ratios for reinforcing steel

There are standard ratios for calculating the amount of reinforcing steel in foundations, which are as follows:

• Separate armed basesThe ratio of iron ranges between 50 and 60 kg per cubic meter of reinforced concrete.
• Separate platforms on top of reinforced basesThe proportion of iron ranges from 140 to 160 kg per cubic meter of reinforced concrete.
• Isolated bases with beams at the same levelThe proportion of steel ranges from 90 to 100 kg per cubic meter of reinforced concrete.

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Reinforcement steel ratios in structural elements

After learning about today's price of reinforcing steel, we will now look at the reinforcing steel table, which refers to the ratios of reinforcing steel in structural elements. The steel ratios play a crucial role in ensuring the strength and stability of concrete structures. These ratios vary according to the structural element and its function in the building, and depend on the engineering specifications of each project. Below are the approximate ratios commonly known:

1- Armed bases

• Separate rules without middlingThe proportion of steel ranges between 50 and 60 kg/m³ of reinforced concrete.
• Separate bases with armed postsThe iron content ranges between 90 and 100 kg/m³.

2- The middlings

• Separate middlingsThe iron content ranges between 140 and 160 kg/m³.

3- Columns

• concrete columnsThe iron content ranges between 160 and 190 kg/m³, due to its ability to withstand high vertical loads.

4- Bishops

• solid ceiling: 90 - 100 kg/m³.
• hollow core slab80-100 kg/m³.
• hollow core slab: 110 - 120 kg/m³.
• flat roof: 140 - 160 kg/m³.

5- Reinforced raft foundation

• Reinforced concrete slab without inverted beamsThe iron content ranges between 90 and 100 kg/m³.

The price of reinforcing steel today is an important indicator of the Egyptian market, as its prices are affected by several factors that impact production and distribution costs. Elkady Steel remains the authorized agent for Ezz Steel and Al-Marakbi Iron Agent One of the best options that guarantees the consumer access to iron of the highest quality and at competitive prices, in line with the variables of the local and global market.

If you need to know more about the latest iron prices, you can contact us now, as we provide you with the best offers and daily updates to help you make the right decision for your project needs.