Al Gioshy Steel Contracts to Export 50,000 Tons of Rebar for the Reconstruction of Libya and Sudan

Al Gioshy Steel Group has concluded several new export deals to the Libyan and Sudanese markets, totaling more than 50,000 tons of rebar, as part of the implementation of reconstruction plans for both countries. Engineer Islam Al Gioshy, CEO of the group, stated that Al Gioshy Steel factories currently allocate approximately 20% of their production to export markets, with the goal of increasing this percentage to 40% by the end of 2025. Al Gioshy added in a statement yesterday that Egyptian rebar products possess highly competitive capabilities in all surrounding markets, which requires further support from the government in an effort to implement the state's strategy to increase Egyptian exports to $100 billion annually.