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Tosyali Algeria achieves exports worth 450 million dollars in H1 2022

Tosyali Algeria (east of Oran) achieved export revenues of 450 million dollars during the first half of this year.

In charge of media, Mrs Hakima Kamel stated that, during the first half of this year, Tosyali Company exported 571,000 tonnes of steel products, an increase of 10 per cent compared to the same period last year, with revenues equal to 450 million dollars.

These quantities of steel products, particularly rebar, iron wire, iron pellets, and others, were exported from the ports of Oran, Arzew and Mostaganem to the United States of America, Italy, Belgium, Romania, the Netherlands, Germany, Bulgaria, Greece, England, Denmark, Ireland, Tunisia and some African countries.

Tosyali aspires to export 1.5 million tonnes of different iron and steel products to reach 1 billion dollars in export revenues during the current year, knowing that more than 700 million dollars in earnings were achieved in 2021 from its export activities; according to the same source.

It is worth mentioning that the same complex achieved during the first half of last year 370 million dollars in export revenues.

 

 

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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