Egypt’s steel rebar production up 11.3% YoY in 9 months

Data revealed that steel rebar sales in the local market went up by 3% YoY in the January-September period

Staff Writer, Arab Finance

November 5, 2024

PHOTO

Egypt’s production of steel rebar rose by 11.3% year on year (YoY) to 6.403 million tons in the first nine months of 2024, Asharq Business reported, citing official data.

The surge in production was driven by the availability of US dollar liquidity, the data showed.

Moreover, the data revealed that steel rebar sales in the local market went up by 3% YoY in the January-September period of the year to 4.756 million tons.

This was ascribed to the availability of US dollar liquidity and expansion of infrastructure and real estate projects, a government official said.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO