Egyptian steel company Egyptian Steel is planning an ambitious investment program worth almost 2 billion Egyptian pounds ($42.34 million) over the next 18 months, starting in 2026, to strengthen its production capacity and readiness for export. The company said the investment is aimed at upgrading its production lines, increasing steel production volumes and supporting downstream operations, in line with national industrial policy aimed at transforming Egypt's steel industry into a regional powerhouse.
Strategic context and industry implications
Egypt's iron and steel industry is undergoing a major transformation with government support for localization, export expansion and technological upgrading. The ten-year strategy launched by the government emphasizes the integration of value chains.
For Egyptian steel, the investment is expected to:
- increase its production from 1.2 million tons to 1.7 million tons next year
- improve export competitiveness by addressing value-added and integration issues processing,
- will increase its share of exports to 30 percent from seven percent of total production over the next two years,
- and will take advantage of government incentives created for strategic industries such as coated steel sheets and related manufacturing.
The new investment is expected to take four to five years to demonstrate its full impact on market.
