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 Egypt’s steel export decline 37% in H1 2020

Egypt’s exports of “iron and steel” and “cement” retreated in the first 6 months of 2020 to record $315 million compared to $483 million during the same period in 2019, a decrease of 34.8%.

The monthly report issued by the Export Council for Building Materials, Refractories and Metal Industries indicated that 8 countries (Saudi Arabia, Kenya, Spain, Libya, Italy, America, Netherlands and Sudan) acquired 62.8% of total iron, steel and cement exports in the first 6 months of 2020 at a value $ 197.975 million, according to the Middle East News Agency.

Steel exports decreased in January – June 2020 by 37% to $ 252 million compared to $ 402 million in the same period in 2019.

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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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