Egypt's steel exports fell to $1.46 billion from January to September 2024, marking an 18% decline compared to the same period last year. Export quantities decreased by approximately 11.5% to 2.25 million tons. Conversely, steel imports surged by 33% in value to $4 billion, with quantities rising by 45% to 7.5 million tons. The increase in imports is attributed to the availability of hard currency following exchange rate liberalization and lower global raw material prices. The decline in exports is linked to reduced global demand and falling prices, alongside protective trade measures from key markets like Canada and Europe.