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Egypt steel exports declined in Q1

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%.

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About AISU

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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