• Algeria’s SNS signs $950 mln agreements with partners from Senegal and China
• Deals aim to raise steel output, exports, and local integration
• Algeria eyes regional hub status with Gara Djebilet iron mine

Algeria’s National Steel Company (SNS) signed eight agreements worth a total of $950 million on September 9 with companies from Senegal, China and others on the sidelines of the 4th Intra-African Trade Fair (IATF 2025).

Signed by SNS subsidiaries, the deals are part of efforts to promote intra-African trade, said CEO Adel Khemane, noting the growing interest of foreign partners in the group’s plants and the quality of Algeria’s steel industry.

The agreements aim to strengthen industrial cooperation and national production capacity, improve quality, increase exports and local integration, reduce imports, and create jobs at both local and regional levels.

Among the deals, foundry products maker FONDAL, an SNS subsidiary, signed a cooperation protocol with Senegalese firm CFTS. Another agreement was concluded between the National Company of Tubes and Flat Products Transformation (Anabib), also part of SNS, and Chinese firm Habicare to produce steel spare parts and molds.

Algeria seeks to become a regional metallurgy hub and a key player in iron ore production, backed by the development of the Gara Djebilet mine, one of the world’s largest iron deposits. Several industrial partnerships are already in place to unlock this strategic potential, encourage local ore processing, and cut dependence on imports.