Egypt’s iron and steel exports declined in January-October of this year to record $1.695 billion, a decline of 13%, compared to the same period in 2023, which amounted to $1.942 billion.

A report issued by the Export Council for Building Materials, Refractories and Metal Industries revealed that the total number of countries to which exports were made amounted to about 83 in that period.

Turkey came in first place on the list of the largest importers of Egyptian iron and steel in the first ten months of 2024, as the value of imports amounted to about $190.574 million, compared to $231.983 million in the same period last year, a decrease of 18%.

Exports to Spain declined by 46%, recording $187.564 million compared to $346.329 million in the same period in 2023. Italy also ranked third among the largest importers of Egyptian iron and steel, with exports valued at $154.789 million compared to $266.171 million last year, representing a decrease of 42%, while the United States ranked fourth with imports amounting to $108.281 million compared to $190.474 million, a decrease of 43%.