Exports of iron and steel stood at $584mln during the five-month period between January and May 2021
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.
REUTERS/Amr Abdallah Dalsh
By Staff Writer, Arab Finance
Egypt’s exports of iron and steel soared by 179% in the first five months of 2021, according to a monthly Export Council for Building Materials report.
Exports of iron and steel stood at $584 million during the five-month period between January and May 2021, compared to $209 million in the same period of 2020.
The report showed that 78.9% of these exports went to Spain, Italy, Saudi Arabia, Brazil, the US, Kenya.
From January to May, Egypt’s exports of iron and steel went to 70 countries. Of these, 15 countries, including Burundi, New Zealand, Iraq, Russia, Ecuador, Guinea, Nigeria, Congo Brazaville, Peru, Djibouti, Pakistan and Benin had not imported Egyptian iron and steel during the same period in 2020.
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