Egypt Steel Market Size is Expected to Reach USD 4,481.93 Million By 2033 | CAGR: 3.09%

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 is revolutionizing predictive maintenance in Egypt's steel plants, where algorithms analyze sensor data to forecast equipment failures, cutting downtime significantly and enhancing overall production efficiency for major producers handling millions of tons annually.

● Through advanced process optimization, AI enables real-time adjustments in furnace operations and raw material blending, reducing energy consumption and waste while improving product quality and consistency across rebar and billet manufacturing.

● AI-driven quality control systems employ computer vision to detect surface defects and anomalies in steel products instantly, minimizing defect rates and ensuring higher standards that support Egypt's growing export ambitions.

● Sustainable production is advancing with AI tools that monitor emissions and resource usage, helping align operations with national strategies for greener manufacturing and lower carbon footprints in a sector vital to infrastructure development.

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How Vision 2030 is Transforming Egypt Steel Industry

Egypt's Vision 2030 is propelling the steel industry toward greater competitiveness and sustainability through massive infrastructure investments in mega-projects like the New Administrative Capital and Ras El-Hekma, driving robust demand for rebar and long products while absorbing over 70% of domestic output. This fuels production expansion, reduces import dependency via incentives and protections, and promotes green transitions with electric arc furnaces to cut emissions by up to 20%. Targets include raising industry's GDP share to 20%, expanding green practices, and doubling employment, positioning Egypt as a leading regional exporter of medium-technology steel products by 2030.

Egypt Steel Market Trends & Drivers:

The Egypt steel market is experiencing steady evolution driven by robust infrastructure development and urbanization initiatives. Large-scale construction projects, including new cities, housing developments, and transportation networks, are key factors boosting demand for rebar and structural steel. Government efforts to reduce import dependency through local production expansions and partnerships with international investors are enhancing manufacturing capabilities. Additionally, the adoption of digital technologies and AI for process optimization is improving efficiency and sustainability in production. Protectionist measures, such as safeguard duties on imports, are supporting domestic producers against foreign competition, while overcapacity challenges persist in certain segments.

Market drivers include ongoing economic reforms and investments in industrial zones like the Suez Canal Economic Zone, fostering new facilities and job creation. Rising demand from the automotive and mechanical equipment sectors complements the dominant construction-driven consumption. Trends toward green steel and energy-efficient practices align with broader sustainability goals, positioning Egypt as a regional hub. Fluctuations in production and consumption reflect economic pressures, but medium-term growth is supported by export-oriented strategies and trade policy adjustments to stabilize the industry.

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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

● January 2025: The Egyptian government approved large infrastructure-led steel procurement plans for transport, housing, and industrial zones, driving strong demand for rebar and structural steel.

● March 2025: A leading Egyptian steel producer announced a capacity expansion and modernization investment, focusing on energy efficiency and higher-grade steel to support construction and manufacturing demand.

● June 2025: Major real estate and infrastructure developers signed long-term steel supply agreements, stabilizing prices and ensuring availability amid rising project activity nationwide.

● September 2025: Egypt introduced trade and safeguard measures to support domestic steel manufacturers, encouraging higher utilization of local mills and reducing import pressure.

● December 2025: Growing export orders to Africa and the Middle East led Egyptian steelmakers to secure new logistics and port-handling contracts, strengthening Egypt's position as a regional steel supply hub.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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