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Tuesday, 22 November 2016

Cement price increases are unjustified -Division of Building Materials

Price increases in the cement market are unjustified, the head of the Building Materials Division at the Federation of Egyptian Chambers of Commerce Ahmed El Zeiny told Al Masry Al Youm. There is a surplus in the market, El Zeiny says, and the fair price should be around EGP 600 a tonne, not the current prices of EGP 800 a tonne, which are paralysing the market. Additionally, imported steel is still EGP 300 cheaper than its domestic counterpart, he added.

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