Egypt imports 100,000 tonnes of steel September 2015

Egypt has imported around 100,000 tonnes of steel from Turkey, Ukraine and China worth 480 million Egyptian pounds (US$61.3million) in September 2015.

Ahmed El-Zeiny -head of the Building Materials Division at the Cairo Chamber of Commerce- told Amwal Al Ghad Tuesday that the imported amount this year is 70% less than what had been imported in September 2014.

The head further added that the prices of imported steel in local market recorded around 4,800 pounds per tonne while the local steel prices are ranging between 4,950 and 5,000 pounds per tonne.