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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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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17 Country

300.000 Employees

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