The monthly report issued by Export Council of Building Materials in Egypt revealed a decline in iron and steel exports in Q1 in 2020 ″ to record $138 million compared to $213 million in the same period last year, down by 35%.
The report indicated that 5 countries acquired 67% of Egypt’s total steel exports in the first quarter of 2020, to $92.419 million , topped by Saudi Arabia with a value of $44.767 million , compared to $54.697 million , down by 18%.
Spain ranked second in the list of the top 5 countries importing Egyptian steel , with a value of $ 15.144 million, compared to $ 7.622 million, up by 99%. The report said that Egypt’s steel exports to the Netherlands increased by $12.6 million compared to $2.412 million , up by 422% and Kenya increased to $9.361 million compared to $6.916 million dollars, up by 35%.
The report revealed that the value of steel exports to Italy decreased to $10.547 million , compared to $18.271 million down by 42%.