Egypt’s building-materials and fertilizer markets saw mixed moves on Thursday, with sharp divergences across product categories, according to data from the Cabinet’s Information and Decision Support Center (IDSC).

Prices of steel, cement, and fertilizers in Egypt showed relative stability on Sunday, November 30th, according to figures released by the Cabinet’s Information and Decision Support Center (IDSC).

Prices of key construction materials and fertilizers in Egypt showed mixed trends on October 27th, according to new data released by the Cabinet’s Information and Decision Support Center (IDSC).

Egypt’s construction materials market witnessed mixed price movements on Sunday, October 19th, according to the latest update from the Cabinet’s Local Price Portal.

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir held an expanded meeting with cement manufacturers to discuss production developments, recent price declines, and mechanisms to increase capacity and restart idle production lines, as per a statement.

The Ministry of Petroleum and Mineral Resources will provide mazut to cement factories through a centralized distribution system starting Tuesday, October 1st, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El Wazir announced.

Egypt’s consumption of cement could shrink to 45 million tons this year, compared to 47 million tons in 2023.

Several Egyptian cement companies have submitted requests to the Egyptian Competition Authority (ECA), seeking renewal of the decision to cut production capacity by 10% for quantities allotted to the local market without exporting.

Egypt’s cement prices have risen by 20% since August 1st after cement producers cut their production.

Cement factories have hiked cement prices by EGP 50 per ton, Head of the Building Materials Division at the Federation of Egyptian Chambers of Commerce Ahmed El-Zeini unveiled.

Egypt's cement exports grew by 22% during the first nine months of 2023, recording $625 million, compared to $512 million during the same period of 2022, according to a recent report by the Export Council for Building Materials, Refractory, and Metallurgy Industries (ECBM).

Egypt's cement exports grew by 33% during the first five months of 2023, recording $380 million, compared to $286 million during the same period of 2022.

It is worth noting that the company recorded a net profit after tax of EGP 169.06 million in 2021.

Egypt's exports of building materials, refractory, and metallurgy industries rose 7% year-on-year (YoY) in the first 11 months of 2022 to $6.37 billion from $5.94 billion, according to a report by the Export Council of Building, Refractory and Metallurgy Industries on January 16th.