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

• Predictive Maintenance for Production Lines: 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 9.8 million ton annual output, enabling seamless operations amid high-demand construction cycles in the New Administrative Capital.
• Supply Chain Optimization: Machine learning forecasts raw material demands for Hadid Steel, minimizing delays by 30% and supporting Vision 2030-inspired logistics in the Nile Delta region, where volatile global iron ore prices impact 70% of imports and enhance export competitiveness to Europe.
• Energy Efficiency Modeling: AI simulates furnace operations to lower energy use by 15%, aligning with Egypt's National AI Strategy (2025-2030) for sustainable industrial practices in steel manufacturing, cutting costs in gas-dependent facilities like those in Alexandria amid rising electricity tariffs.
• Quality Control and Defect Detection: AI-powered computer vision systems inspect rolled steel products in real-time, reducing scrap rates by 20% during rebar production at Suez Steel, ensuring compliance with EU export standards and stabilizing prices at EGP 32,900-38,200 per ton.
• Demand Forecasting and Pricing Dynamics: AI processes market trends and geopolitical data to predict rebar demand, optimizing pricing strategies that stabilize local sales by 18% for companies like Egyptian Steel amid fluctuations driven by construction booms and import duties.

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How Vision 2030 is Transforming Egypt Steel Industry

Egypt's Vision 2030 is profoundly transforming the steel industry by prioritizing industrial localization and sustainable manufacturing, aiming to position the sector as a cornerstone of economic diversification with an 8% annual GDP growth target through enhanced exports and job creation. Key initiatives like the National Industrial Strategy and USD 9.8 billion in SDG funding have upgraded facilities such as the May 2025 pelletizing plant and heavy-section complex, increasing upstream capacity by 25% and reducing import dependency from 40% to 25% by 2030, while fostering partnerships with Qatar and Italy for rebar production in Qena.

Moreover, the vision's emphasis on digital transformation and green innovation drives AI adoption and R&D grants, with policies mandating 15% emission reductions through efficient furnaces and scrap recycling, attracting FDI over USD 200 million in 2025. This has spurred collaborations, like ABB's upgrade of Ezz Dekheila's water treatment plants in June 2025, creating 10,000 jobs and harmonizing with EU standards to boost exports to USD 1 billion annually, elevating Egypt's role as Africa's steel hub.

Ultimately, by integrating steel into SDGs for zero hunger and decent work, Vision 2030 catalyzes resilience against price volatility, targeting 12 million tons output by 2030 and 3.09% CAGR. This holistic framework not only modernizes outdated mills but empowers SMEs and women in supply chains, blending industrial heritage with tech-forward practices for inclusive, export-driven prosperity.

Egypt Steel Market Trends & Drivers:

The surge in large-scale infrastructure projects has emerged as a dominant trend in Egypt's steel market, driven by government initiatives like the New Administrative Capital and Suez Canal expansions, fueling demand for rebar and structural steel. Valued at USD 3.41 billion in 2024, the sector is projected to grow at 3.09% CAGR through 2033, with construction accounting for 65% of consumption and partnerships like the USD 100 million Qena plant boosting local output to reduce import reliance by 15% in southern industrial zones.

Rising focus on sustainable and low-carbon production represents another key driver, as environmental regulations and global ESG standards push for eco-friendly furnaces and recycled scrap usage amid Egypt's energy challenges. This shift, supported by USD 500 million in industrial tech investments, has elevated green steel segments to 20% market share by 2030, appealing to export buyers and aligning with Vision 2030's diversification goals for a resilient manufacturing base.

Urbanization and export growth are pivotal trends propelling the sector, with Egypt's population exceeding 118 million and trade pacts enhancing shipments to Europe and Africa, creating needs for high-quality billets and tubes. Backed by safeguard duties of 16.2% on imports in September 2025, this has stabilized domestic prices and supported a projected market value of USD 4.48 billion by 2033, generating 50,000 jobs in processing while mitigating global supply disruptions.

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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: An Egyptian-Qatari partnership launched a USD 100 million iron and steel plant in Qena, targeting rebar production for regional exports and applying for licenses in H1 2025 to commence operations by 2026.
• April 2025: The Suez Canal Economic Zone signed a contract for Massoud Steel Company's metal containers project in Sokhna, enhancing downstream steel applications and creating 500 jobs in industrial manufacturing.
• May 2025: Egypt inaugurated a new iron ore pelletizing plant and heavy-section production complex, bolstering upstream capacity by 20% and reducing reliance on imported semi-finished products amid Vision 2030 goals.
• June 2025: ABB secured an order from Al Ezz Dekheila Steel to upgrade three water treatment plants in Alexandria, implementing advanced control systems to improve efficiency in Egypt's largest steel producer.
• September 2025: The government imposed 16.2% safeguard duties on imported steel billets, stabilizing local prices at EGP 32,900-38,200 per ton and protecting domestic output valued at USD 3.41 billion.

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