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 enables predictive maintenance in major plants like Ezz Steel, analyzing sensor data to forecast equipment failures, slashing downtime by up to 25% and boosting overall production reliability amid high-demand infrastructure projects.

● Machine learning optimizes energy consumption in furnaces and rolling processes, cutting costs by 15-20% through real-time adjustments and supporting sustainable goals with lower emissions in Egypt's growing steel sector.

● AI-driven quality control systems detect defects instantly during rebar and flat steel production, minimizing waste and enhancing product consistency for export markets while aligning with Vision 2030 efficiency targets.

● Demand forecasting tools powered by AI analyze construction trends and export data, helping firms optimize inventory and supply chains, reducing operational expenses significantly in a market fueled by mega-projects.

● Process simulation and supply chain analytics integrate AI to streamline raw material procurement and logistics, improving resilience against global fluctuations and positioning Egypt as a competitive African steel hub.

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How Vision 2030 is Revolutionizing Egypt Steel Industry

Egypt Vision 2030 drives the steel sector toward self-sufficiency and regional leadership by prioritizing industrial localization, massive infrastructure investments, and sustainable manufacturing. It targets elevating the industrial contribution to GDP through mega-projects like the New Administrative Capital, high-speed rail, Suez Canal expansions, and housing initiatives that spike demand for rebar and structural steel, consuming over 70% of national output. Government incentives in the Suez Canal Economic Zone, including tax breaks, land support, and joint ventures, foster new facilities such as Egyptian-Qatari rebar plants and metal container projects launching in 2026, slashing import reliance by 20% while generating thousands of jobs and boosting exports to Africa and Europe. The vision promotes green steel adoption with electric arc furnaces, energy-efficient upgrades, and compliance with global standards like EU CBAM to reduce emissions and attract FDI. By integrating advanced technologies, protecting domestic producers via safeguard duties on billets and coils, and aiming for steady production growth of 1-1.5% annually through 2030, it solidifies Egypt's position as Africa's top steel producer, enhancing non-oil economic diversification, employment, and competitiveness in MENA and beyond.

Egypt Steel Market Trends & Driver

The Egypt steel market sustains steady expansion propelled by surging infrastructure and urbanization demands under Vision 2030, with mega-projects driving rebar consumption and supporting capacity expansions in rebar, wire rod, and emerging flat steel segments. Domestic production rises through new plants and joint ventures in industrial zones, while government protections like duties on imports curb foreign competition, stabilizing prices and encouraging localization amid population growth and housing programs. Emerging trends include digital adoption for efficiency, green manufacturing shifts to low-emission processes, and export-oriented growth targeting regional markets, positioning Egypt as a leading African producer with projected CAGR around 3% through the late 2020s.

Key drivers encompass massive construction spending on capitals, transport, and energy developments creating consistent demand, alongside policies promoting FDI, self-sufficiency, and sustainability. Rising industrial activities, automotive sector needs, and reconstruction opportunities in neighboring regions further fuel momentum, with major players investing billions in upgrades to meet quality standards and capitalize on export potential despite global price volatility.

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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

● September 2025: Egypt's government imposes safeguard duties of 16.2% on imported steel billets to protect local producers amid unprecedented import surges, supporting the industry's 10.7 million ton annual output.

● August 2025: Rebar prices in Egypt stabilize between EGP 31,500 and EGP 38,200 per ton, with Ezz Steel at EGP 38,200, reflecting steady demand despite global raw material fluctuations.

● April 2025: Suez Canal Economic Zone signs contract for Massoud Steel Company's metal containers project in Sokhna, enhancing manufacturing capacity and creating jobs in the $3.4 billion steel sector.

● January 2025: Egyptian-Qatari partnership launches a USD 100 million iron and steel plant in Qena, targeting rebar production and regional exports to boost domestic output by 3%.

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.

About Us:

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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