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Egypt’s exports of iron and steel $306 million in 7 months

The Building Materials and Refractories Export Council announced that the value of Egypt’s exports of iron and steel in the first 7 months of 2020 to $ 306 million, compared to $ 461 million in the same period of 2019, a decrease of 34%.

The monthly report issued by the Council indicated that 10 countries “Saudi Arabia, Spain, Italy, Kenya, Netherlands, Sudan, Jordan, America, Yemen, Canada” acquired 80.1 % of the total iron and steel exports during that period with a value of $ 245.142 million, according to a news agency. Middle east.

Iron and steel exports decreased last July by 8.5 % to  $ 54 million, compared to $ 59 million in the same month of 2019.

Saudi Arabia ranked first, with 32.3 % of total steel exports, valued at $ 98.987 million, compared to $ 139.038 million, down 29 %.

Spain ranked second in the list of the 10 largest importers of Egyptian iron, with a value of 25.918 million dollars, compared to 20.72 million dollars, a growth of 25 %.

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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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