Egypt Steel Market Size to Hit USD 4,481.93 Million by 2033 | With a 3.09% CAGR

Egypt Steel Market Overview

Market Size in 2024: USD 3,408.13 Million

Market Size in 2033: USD 4,481.93 Million

Market Growth Rate 2025-2033: 3.09%

According to IMARC Group's latest research publication, "Egypt Steel Market Size, Share, Trends and Forecast by Components, Material Used, End User, and Region, 2025-2033", the Egypt steel market size reached USD 3,408.13 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 4,481.93 Million by 2033, exhibiting a growth rate (CAGR) of 3.09% during 2025-2033.

How AI is Reshaping the Future of Egypt Steel Market

● AI-Powered Predictive Maintenance: AI algorithms at Ezz Steel's Suez plants analyze sensor data to forecast equipment failures, reducing downtime by 25% and boosting production efficiency in Egypt's 9 million ton annual output.

● Process Optimization and Quality Control: Machine learning models enable real-time monitoring of smelting and rolling processes at major producers like Egyptian Steel, adjusting parameters such as temperature and chemical composition to cut energy use by up to 15% and minimize defects in rebar and flat steel products.

● Demand Forecasting and Supply Chain Analytics: AI-driven platforms forecast market demand based on construction trends and export data, helping firms like Ezz Dekheila optimize inventory and logistics, reducing costs by 20% amid Egypt's Vision 2030 infrastructure boom.

● Sustainable Production Intelligence: AI tools analyze emissions and resource data to support green steel initiatives, aligning with Egypt's National AI Strategy to lower the sector's 7% global CO2 contribution while enhancing competitiveness in MENA exports.

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How Vision 2030 is Transforming Egypt Steel Industry

Egypt's Vision 2030 is catalyzing a structural overhaul of the steel sector through targeted investments exceeding $1 billion in mega-projects like the New Administrative Capital and Ras El-Hekma development, spurring a 7.8% CAGR in construction demand that consumes 70% of the 10.7 million-ton output and drives rebar production to 7.5 million tons annually. Government incentives via the Suez Canal Economic Zone, including tax breaks and land allocations, are fostering $100 million joint ventures like the Egyptian-Qatari plant in Qena set for 2026 launch, aiming to slash import reliance by 20% and generate 5,000 jobs while exporting to Africa and Europe. Sustainability mandates under the vision promote green steel adoption, with ABB's $50 million upgrades at Ezz Steel enhancing water efficiency by 30% and aligning with global carbon goals, positioning Egypt as a regional hub for low-emission manufacturing amid a 3% production rise in 2024.

Egypt Steel Market Trends & Drivers:

Digital transformation is a critical trend, and integrating AI in production chains is expected to streamline the processes by a total of 2.1 billion and make a 35 percent contribution to market growth by predictive maintenance and energy modeling that will cut operational costs by 15-25 percent of major participants such as Suez Steel. Meanwhile, government-imposed import protection, including 13.6 percent duty on hot-rolled coils and 16.2 percent on billets due in September 2025, is protecting domestic capacity against Chinese and Turkish imports and holding prices steady at EGP 37,651 average per ton in the first half of 2025 despite a 13 percent year-on-year decline, and stimulating local sourcing to strengthen 3.09 percent annual growth.

Infrastructure megaprojects under the vision 2030 are also a fundamental driving force, with USD 50.9 billion to be spent on construction by 2025 and rebar demand of 5 million tons within the country supporting export-oriented capacity amidst a H1 reduction of production by 7 per cent to 3.86 million tons. The forces of sustainability are triggering the use of electric arc furnaces reduction of emission by 20 percent as part of EU CBAM compliance, and opening the FDI to flat steel improvements that could increase output by 1 million tons by 2030.

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Egypt Steel Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

● Flat Steel
● Long Steel

Product Insights:

● Structural Steel
● Prestressing Steel
● Bright Steel
● Welding Wire and Rod
● Iron Steel Wire
● Ropes
● Braids

Application Insights:

● Building and Construction
● Electrical Appliances
● Metal Products
● Automotive
● Transportation
● Mechanical Equipment
● Domestic Appliances

Regional Insights:

● Greater Cairo
● Alexandria
● Suez Canal
● Delta
● Others
● Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Egypt Steel Market

● November 14, 2025: Egyptian Steel announced a $42.3 million investment program to modernize plants, construct a limestone workshop, and boost exports to 30% of production, enhancing competitiveness in regional markets.

● September 2025: Egypt's government enacted 16.2% safeguard duties on imported steel billets to counter surging imports threatening local producers' 10.7 million-ton annual capacity, aiming to preserve market share and stabilize domestic pricing.

● September 12, 2025: A provisional 13.6% safeguard duty on hot-rolled flat steel imports was imposed, effectively closing the market to low-cost supplies from China and Russia, with local HRC prices holding at $600/mt ex-works to protect flat steel output.

● June 2025: ABB won a contract from Al Ezz Dekheila Steel to upgrade water treatment systems at its Alexandria plant using advanced automation, improving efficiency and supporting sustainable operations in Egypt's key steel hub.

● April 2025: The Suez Canal Economic Zone signed a deal with Massoud Steel for a metal containers project in Sokhna, part of broader efforts to diversify manufacturing and reduce import dependency in the steel value chain.

● January 2025: An Egyptian-Qatari consortium launched a $100 million rebar plant in Qena, targeting regional exports and production startup in 2026 with Italian technology, aligning with industrial localization goals.

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