9,484.26 TRY BIST 100 BIST 100
37.93 USD USD USD
5.23 CNY CNY CNY
41.82 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.20 TRY Interest Interest
69.56 USD Fossil Oil Fossil Oil
31.51 USD Silver Silver
4.76 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,797.04 TRY Gold (gr) Gold (gr)
9,484.26 TRY BIST 100 BIST 100
37.93 USD USD USD
5.23 CNY CNY CNY
41.82 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.20 TRY Interest Interest
69.56 USD Fossil Oil Fossil Oil
31.51 USD Silver Silver
4.76 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,797.04 TRY Gold (gr) Gold (gr)
9,484.26 TRY BIST 100 BIST 100
37.93 USD USD USD
5.23 CNY CNY CNY
41.82 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.20 TRY Interest Interest
69.56 USD Fossil Oil Fossil Oil
31.51 USD Silver Silver
4.76 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,797.04 TRY Gold (gr) Gold (gr)

Egypt's iron and steel imports experience a 25.5% decline in Jan-Sep 2023

Egypt's imports of iron, steel, iron ore, and concentrates witnessed a substantial 25.5% decrease compared to 2022, amounting to $4.163 billion in January-September 2023.

Egypt's iron and steel imports experience a 25.5% decline in Jan-Sep 2023
In a significant development, Egypt has experienced a notable 25.5% decrease in the import of crucial raw materials including iron, steel, and iron ore during the period of January to September 2023. The drop, totaling $4.163 billion, suggests shifting dynamics in the country's industrial and economic landscape. Despite a slight uptick in iron ore and concentrates imports, reaching $1.226 billion, these materials collectively accounted for 6.8% of Egypt's imports, which amounted to $61.37 billion. The September data shows a general increase in imports by 6%, totaling $517.6 million, but imports of iron ore and concentrates specifically recorded a 29.4% decrease, reaching $128.021 million. This decline prompts a closer examination of the contributing factors and potential implications for Egypt's industries reliant on these vital raw materials.

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