The Egyptian Iron & Steel company declared that its sales volume was down by EGP160M ($26.9M) due to the unrest in the country.

The disturbances led to the company being unable to fulfil its export commitments.

The company said output was down by 30kt in January and February representing about EGP120M ($20.2M)of earnings.

The company clarified that it will not be able to meet its export commitments and to produce 10kt amounting to EGP40M ($6.7M) which would have been transferred to Suez and Alexandria ports for export.

Source Arab Iron and Steel magazine