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Egypt’ iron, steel exports jump to $1.097bn in eight months

Egypt’s exports of iron and steel surged by 197% to $1.097 billion in the first eight months of 2021, compared to $369 million in the corresponding period a year earlier, the Middle East News Agency (MENA) reported.

A total of 76 countries received Egypt’s exports of iron and steel during the January-August period, nine of which acquired 83.4% of the total exports, Export Council for Building Materials, Refractory, and Metallurgy Industries said in its monthly report on Tuesday.

Italy topped Egypt’s exports of iron and steel with a value of $269.285 million or 24.5%, followed by Spain with $258.587 million or 23.5% and Saudi Arabia with $100.503 million or 9.1%.

Meanwhile, the country’s cement exports jumped by 198% to $281 million in the eight-month period ended 31 August, compared to $94 million in the year-ago period.

Libya was the largest importer of Egypt’s cement with a value of $45.296 million or 16.1%, followed by Côte d’Ivoire with $44.935 million or 15.9% and Ghana with $36.991 million or 13.1%.

 

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About AISU

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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28 Board of Directors

17 Country

300.000 Employees

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