Egypt's Ezz Steel to invest $1.16 billion over two years to expand production amid globalprotectionism

  • Wednesday, January 28, 2026
  • Source:ferro-alloys.com

  • Keywords:market, mining industry,mine,steel,iron ore,
[Fellow]Egyptian steel producer Ezz Steel has announced plans to invest approximately $1.16 bilion over the next two years to expand itsproduction capacity

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【Ferro-alloys.com】:Egyptian steel producer Ezz Steel has announced plans to invest approximately $1.16 bilion over the next two years to expand itsproduction capacity, according to statements by founder Ahmed Ezz cited in media reports

Mr. Ezz said the investment refiects a shifting global trade environment in which protectionist polices are increasingly constrainingcross-border steel flows and reshaping market access for exporters.

Global protectionism weighs on steel exports

According to Mr. Ezz, current market conditions are particularly challengingfor steel exporters, with rising tariffs and trade barriers limiting access tokey international markets. He noted that similar pressures are being felt bysteel producers in Western economies, contributing to the introduction ofhigher import duties in a number of countries.

Ezz Steel generated around $1.6 billion in export revenues in 2024.However, the company expects exports in 2025 to fall below $1 billion asrestrictions on external markets intensify.

Focus shifts toward domestic and regional demand

In response to weaker export prospects, Ezz Steel is placing greater emphasis on strengthening domestic demand. Mr. Ezzhighighted construction and infrastructure projects as the main pillars supporting steel consumption in the local market.

He also underlined the potential advantages of deeper economic integration among Arab countries, suggesting that closer regionalcooperation could provide more stable growth opportunities compared with reliance on developed industrial markets

Domestic pricing trends remain sensitive

Commenting on price developments in Egxpt, Mr. Ezz said the company reduced steel prices in November and December 2024 though these cuts were temporary. Prices were raised again in January 2025 but reman below the levels recorded in November 2024.

He noted that steel prices have a broad impact on the Egyptian market, as a significant portion of demand comes from individualbuyers. Large-scale infrastructure and construction projects, by contrast, tend to be less sensitive to short term price movementsas such fluctuations can generally be absorbed within overall project budgets.

  • [Editor:Alakay]

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