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Egypt’s steel exports rise to $343 million in Q1 2022

The Export Council for Building Materials, Refractories and Metal Industries announced that Egypt’s exports of “iron and steel” increased by 3% in the first quarter of this year, to record $343 million, compared to $335 million during the first quarter of 2021.

The monthly report issued by the Council showed that in the first quarter of this year, Egypt exported iron and steel to 57 countries; Of these, 14 countries were not exported to in the same period last year, including Bulgaria, Palestine, Costa Rica, Benin, France, Finland, Croatia, Reunion, Angola, Cabinda, Montenegro, Djibouti, Oman, Liberia and Kuwait.

The report indicated that 6 countries acquired 76.9% of the total Egyptian steel exports, led by Saudi Arabia, which acquired 18.9% of the total exports, with a value of $65.112 million, compared to $53.508 million in the same period in 2021, an increase of 22%, followed by ranked The second was Spain, which accounted for 18.2% of total exports, with a value of $62.755 million, compared to $76.502 million, a decline of 18%.

Italy ranked third, with a value of $55.935 million, compared to $93.061 million, a decrease of 40%, and Canada, to which exports increased by 814% to $40,832 million, compared to $4.467 million in the first quarter of 2021.

The report indicated that the United States of America ranked fifth in terms of importing Egyptian steel , which recorded a significant growth of 2854%, reaching $25.077 million, compared to $849,000, followed by Portugal, with $14.222 million, compared to $19.410 million, a decrease of 27%.

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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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