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. The market is primarily driven by large-scale construction projects and infrastructure development, fueled by economic growth and government initiatives. Growing urbanization and population also contribute significantly to demand. The government's focus on industrial development and reducing reliance on imports further contributes to Egypt steel market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 3,408.13 Million |
Market Forecast in 2033 | USD 4,481.93 Million |
Market Growth Rate 2025-2033 | 3.09% |
Expansion in Steel and Manufacturing Sector
A significant step is being taken in Egypt's industrial sector with the development of a new metal containers manufacturing facility in the Sokhna Industrial Zone. The project will contribute to job creation and aims to strengthen local manufacturing capacity. Initially, the plant will focus on meeting domestic demand, but has plans to eventually export its products. The establishment of this facility marks an important milestone as it becomes the first metal containers plant in the region, showcasing the country's expanding industrial base. This development is part of Egypt's broader strategy to enhance its manufacturing sector, reduce reliance on imports, and provide new employment opportunities in critical industrial zones, supporting economic growth and strengthening its position in the global market. These factors are intensifying the Egypt steel market growth. For example, in April 2025, the chairman of the Suez Canal Economic Zone (SCZone) witnessed the signing of Massoud Steel Company's metal containers project contract in the Sokhna Industrial Zone. With an investment of EGP 965 Million, the 31,000 sqm facility would create 130 jobs. Initially focusing on the local market, the project plans to export later. Production is set to begin in Q1 2026, marking the first metal containers plant in the SCZone.
Boosting Steel Industry through Strategic Partnerships
There is a growing trend of strategic partnerships between local and international investors in Egypt’s steel and manufacturing sectors. These collaborations are driving the development of advanced production facilities focused on meeting both domestic demand and expanding into global markets. By leveraging foreign expertise and technology, these partnerships are enhancing the quality and capacity of Egypt's industrial output, positioning the country as a key player in regional and international supply chains. The increasing number of such joint ventures reflects Egypt's evolving industrial landscape, attracting significant investments and fostering long-term growth in the manufacturing sector. This shift is also contributing to the creation of new jobs and economic opportunities within the country’s industrial zones. For instance, in January 2025, an Egyptian-Qatari partnership took place with a USD 100 Million iron and steel plant in Qena, southern Egypt. The project aims to produce rebar and export large quantities to regional and international markets. The factory plans to apply for a production license in the first half of 2025, with production expected to start in 2026. The company will also collaborate with Italy's Danieli Group to purchase the necessary production lines before the 2026 launch.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, product, and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes flat steel and long steel.
Product Insights:
A detailed breakup and analysis of the market based on the product have also been provided in the report. This includes structural steel, prestressing steel, bright steel, welding wire and rod, iron steel wire, ropes, and braids.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes building and construction, electrical appliances, metal products, automotive, transportation, mechanical equipment, and domestic appliances.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Greater Cairo, Alexandria, Suez Canal, Delta, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Flat Steel, Long Steel |
Products Covered | Structural Steel, Prestressing Steel, Bright Steel, Welding Wire and Rod, Iron Steel Wire, Ropes, Braids |
Applications Covered | Building and Construction, Electrical Appliances, Metal Products, Automotive, Transportation, Mechanical Equipment, Domestic Appliances |
Regions Covered | Greater Cairo, Alexandria, Suez Canal, Delta, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: