Written by Muhammad Shaalan Sunday, February 25, 2024 11:24 PM Ahmed Al-Zeini, head of the Building Materials Division at the Federation of Chambers of Commerce, confirmed that the development deal The head of wisdom A historical event that will affect the prices of iron and building materials, especially since the market witnessed confusion in the pricing of building materials during the past three months, stressing that the pricing of iron was very random.
Ahmed Al-Zeini added, during a phone call on the “Ninth” program, with the journalist Youssef Al-Husseini, that iron prices witnessed confusion due to the parallel market and rumours, saying: “Iron has increased three times, and the agreement that was concluded for the Ras Al-Hikma project is considered one of the most important events in the year 2024, and the announcement of The agreement led to the collapse of the dollar price.”
He continued: “As soon as it was known that there was a dollar coming into the banks, there was a decline in iron prices from today, and it fell by 6 thousand pounds and fell to the price of 47 thousand pounds per ton. When merchants obtain the dollar at the official price from the bank, we will see a decrease of 30 to 40%, and if there is no decrease, the state will intervene.” .
2024-02-25 21:24:00
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