The General Division for Building Materials, at Cairo Chamber of Commerce, will hold a meeting today to discuss several issues. The steel companies' announcement of putting prices up will top the meeting. The companies have claimed to raise the prices to EGP 4850, about EGP 450 up.
For his part, Ahmed Al Zainy, Head of the General Division for Building Materials, has elaborated that the companies' decision came due to the Minister of Industry's decision imposing fees on the imported steel, whereas there is competition on the imported steel; consequently monopolizing ways on the domestic products emerged. (...)
A number of the division's members and representatives from Citizens against Prices Rise, Egyptian Competition Authority, Customer Protection Authority, and Internal Trade Sector.