Egypt is advancing its steel industry with two large-scale investment projects aimed at boosting domestic production and reducing reliance on imports.
Suez Steel has commissioned an iron ore concentration and pelletizing plant with a capacity of 5 million metric tons per year, alongside a facility producing 800,000 metric tons of rail and heavy sections annually. These developments are expected to enhance self-sufficiency and support infrastructure projects across the region.
Additionally, Chinese steel giant XinFeng is investing $1.65 billion in an industrial complex within the Ain Sokhna Integrated Zone. The project will unfold in two phases, initially establishing factories for automotive and home appliance components, followed by advanced manufacturing facilities for aluminum and magnesium alloy parts.
