PHOTO
Image used for illustrative purpose. A worker holds steel rods at a factory belonging to Ezz Steel, Egypt's largest steel producer, at an industrial complex in Sadat City, 94 km (58 miles) north of Cairo. Amr Abdallah Dalsh, Reuters
Egypt's exports of iron and steel grew by 65% during the first nine months of 2023, hitting $1.740 billion, compared to $1.053 billion during the same period of 2022, according to a report issued by the Export Council for Building Materials, Refractory, and Metallurgy Industries (ECBM).
The report indicated that a total of 84 countries received imports of iron and steel from Egypt during the January-September period.
Spain’s imports of iron and steel from the North African country were valued at $312.521 million, rising by 37% year on year (YoY).
Moreover, Egypt’s iron and steel exports to Türkiye surged by 1,928% to $251.288 million in the period from January to September.
Additionally, Italy imported $230.035 million worth of Iron and steel from Egypt.
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