Exports of steel products: Strong growth reported at several ports across the country

According to a statement from the Annaba Port Authority, the export operation involves 22,000 tonnes of steel bars destined for the Italian market and 15,000 tonnes bound for Lithuania. These operations were preceded, in recent weeks, by shipments to the international market from the ports of Bejaia, Djen Djen and Skikda, totalling around 100,000 tonnes since the beginning of March.

Through its sustained export operations from several of the country’s port facilities, AQS is reaffirming its export ambitions by capitalising on rising demand in the European and African markets, which are now the main destinations for its production. Other destinations also feature on AQS’s client list, notably Australia and Singapore, where demand and prices for steel products are on the rise.

In fact, Algerian iron continues to gain ground, particularly in the European market, following the award of certificates of compliance with European standards by AQS, notably in Eastern and Northern Europe, as well as in Italy. This adaptation of production to the standards required by each market has enabled the company to gain further market share and expand its customer base to several regions around the world. Since 2023, the company has been supplying the markets of Eastern and Northern Europe, capitalising on the growth in demand in these markets.

In this context, these export operations also confirm the rapid growth of the country’s steel industry, which is receiving particular attention from the country’s highest authorities. In recent years, Algeria has embarked on a new era characterised by intensive efforts to develop its mineral resources through the launch of operations at one of the world’s largest deposits, with reserves of 3.5 billion tonnes.

A project that will serve as a source of local raw materials. A way of injecting new momentum into this sector, which is expected to make a significant contribution to GDP in the coming years. In this context, the momentum characterising the country’s steel industry, which is undergoing a period of profound transformation, is expected to be sustainable, drawing on abundant local raw materials and proximity to markets.

The country’s steel industry continues to transform, becoming a new pillar of the national economy. Algeria is placing great emphasis on this sector to reduce the national economy’s dependence on hydrocarbons and turn it into a new source of foreign exchange.