Today, Thursday, at the Ministry’s headquarters, Minister of Industry, Ahmed Zghdar, supervised a meeting that included economic operators active in the steel and mining industries in Algeria within the framework of the policy of developing and developing the Division of Steel and Mining Industries in Algeria.
According to the ministry’s statement, the meeting, which was attended by about 40 economic agents from the public and private sectors active in various branches of the steel and mining industries, aims to optimally organize this division and develop it in line with the challenges of the industrial sector by raising the percentage of its contribution to the gross domestic product and exploiting the currently available opportunities to enter international markets Competitive price.
Zaghdar highlighted the components that Algeria possesses of natural resources and industrial structures to be one of the leading countries in the iron and mining industries if they are optimally exploited, pointing to the importance of this strategic division that finances and drives other industrial and economic sectors.
The Minister stressed the role of this important value-added division in raising the percentage of the industrial sector’s contribution to the raw gross income (PIB) by equipping factories in all industrial divisions, manufacturing industrial equipment and its spare parts, and making cans and boxes for canning and preservation, in addition to being the main financier. For mechanical industries, shipbuilding, various military industries, and others.
The iron and steel industries have witnessed remarkable progress in recent years, the minister adds, as Algeria’s exports of iron materials rose to 927 million dollars in 2021, compared to only 11 million dollars in 2017, while its imports declined last year to about 03 billion dollars, compared to more than 6.3 billion dollars. billion in 2017, after several structural investments in these industries entered the production phase.
In order to continue this dynamic, Zghdar stressed the need to recover the imported added value through the exploitation of all natural, industrial and human capabilities, to get rid of this division’s dependence on imported inputs, especially after the Ghar Jbeilat project entered the production stage, which will obviate the Algerian industry from importing iron ore in the future.
The ministry’s statement added that to achieve the expected goals of this division, which are mainly related to raising national production, compensating imports and entering foreign markets, the minister instructed to organize it into an interactive professional group (cluster) that includes interrelated and integrated subgroups for each branch of these industries: aluminum, steel and steel. Copper, etc., have a strong suggestion and allow for better accompaniment on the part of the public authorities.
It will also be, with the participation of economic dealers and users of various industrial products, to lay a smooth ground in order to protect the national product from random imports, on the one hand, and to accompany institutions that suffer from difficulties and obstacles in the field.
Finally, the minister urged to take advantage of the economic transformations that the world is witnessing and the resulting rise in production costs in most industrialized countries, especially energy, labor and transportation, and to make greater efforts to enter African and neighboring markets with a national product that is competitive in terms of price and quality.