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Thndr Claps » EGY Claps » Economy 🏙 » Price hikes may continue in the steel market ⏫

Price hikes may continue in the steel market ⏫

by Omar El Shorafa
January 9, 2023

The Clap
Sources expect that the prices of steel will increase… again.

What
The expected increase in steel prices results from the increased production expense, which is a growing burden on steel factories.

So What
A decline in EGP against the USD is the biggest driver that increased production costs, which in turn will lead to an increase in prices.

Now What
The price hike is expected within the coming week.

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