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23.4 billion riyals is the value of Saudi Arabia’s imports of iron and steel in 9 months

Saudi Arabia’s imports of iron and steel in the first nine months of this year amounted to about 11.8 million tons, with a total value of about 23.4 billion riyals.

According to statistical data issued by the General Customs Authority, which Al-Eqtisadiah has reviewed, Saudi imports of iron and steel decreased by 3.5 million tons, by 22.8 percent from the beginning of 2020 until September 30, compared to the same period last year, which amounted to 15.3. Million tons, worth 31.4 billion riyals.

Saudi Arabia imported iron and steel products from several countries including China, Japan, the Emirates, India, Germany, Oman, Sweden, South Korea, Bahrain, the United States, Jordan, Egypt, Indonesia, Malaysia, Brazil, Taiwan, France, Spain, Argentina, and Britain. .

It is noteworthy that the volume of investments in the iron and steel sector in Saudi Arabia amounted to about 50 billion riyals.

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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

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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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