Haitham Shoukry

Cairo

Steel news

Steel consumption in Egypt: the consequences of devaluation

Flat steel products account for only 18–22% of consumption. The Egyptian industry consists of assembly of household appliances, minibuses, vehicles.

Flat steel products account for only 18–22% of consumption. The Egyptian industry consists of assembly of household appliances, minibuses, vehicles.

The facility will span 37,000 square metres and create 220 direct jobs, with the first phase of operations and production to begin in mid-2028.

The steel giant’s pivot allows it to secure a low-cost green energy base with easy access to EU export markets.

Egypt imported some 4.7% of the world’s traded billets in 2024, amounting to some 2.6 mn tons.

Steel Events

MACTECH 17.12.2026

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