The Egyptian government has developed a comprehensive strategy to advance the country’s iron and steel industry over the upcoming 10 years, Prime Minister Mostafa Madbouly announced.

Egypt’s Ezz Steel is set to submit an objection to the European Commission regarding the methodology used to calculate provisional anti-dumping duties on its products.

An Egyptian-Qatari investment alliance is studying the establishment of an iron and steel factory in Qena Governorate with initial investments of up to $100 million.

The General Authority for Suez Canal Economic Zone (SCZONE) has inked a usufruct agreement with China’s iron manufacturer Wu’an Xin Feng to set up a factory for hot rolled iron in Ain Sokhna with total investments of up $297 million, a statement showed.

The Egyptian government is considering a proposal submitted by an Italian firm to establish an integrated industrial park for iron and steel, with investment of $4 billion.

Egypt's exports of iron and steel grew by 65% during the first nine months of 2023, hitting $1.740 billion, compared to $1.053 billion during the same period of 2022, according to the monthly report issued by the Export Council for Building Materials, Refractory, and Metallurgy Industries (ECBM).

Egypt’s iron and steel industry has played a vital role in the country's economic development, serving as a key sector for industrial growth and employment. The industry has a long history dating back to almost a century, as the first iron company was established in 1936, followed by other companies in 1947. After that, the Egyptian Iron and Steel Company was established, followed by private sector firms. Egypt's steel industry has seen significant transformations over the years. Despite challenges, the Egyptian government has been working on supporting the steel industry in order to meet demand and remain competitive regionally.

The Egyptian government is considering issuing licenses to investors for the production of rebar and flat steel in the coming year for the first time since 2021.

Egypt's exports of iron and steel grew by 46% during the first five months of 2023, hitting $943 million, compared to $647 million during the same period of 2022.