Local steelmakers invest in expanding production and boosting exports

Steel manufacturers are rolling out major expansion plans to boost capacity, diversify products, and increase export volumes.

#1- Ayad Group will invest USD 10 mn in 2025 to expand its offerings for the automotive sector, Chairman Wanis Ayad told Al Borsa. The plan targets 50–60 new products for the automotive and related engineering sectors. The company will upgrade its complementary industries factory, adding about 60 specialized machines to boost production. Export-oriented output will include automatic wall-mounted awnings, while domestic production will focus on exhaust systems, radiators, and steering components.

#2- El Gallad Steel will invest EGP 2-3 bn to expand its cold-rolled sheet metal factory, Chairman Ibrahim El Gallad told Masrawy. The company will double its production from 8k tons to 16.5k tons per month within six months, bringing total annual capacity to 200k tons. El Gallad Steel currently exports 25–30% of its surplus production and plans to increase its export share to 40%. Expansion plans also include new galvanizing and colored sheet lines in 2026.

#3- Misr National Steel (Ataqa) applied for a steel billet production license from the General Authority for Industrial Development, according to an EGX disclosure (pdf).

REMEMBER- The government is pursuing a strategy to localize steel manufacturing, which includes issuing new billet production licenses, reallocating surplus supply, and working with industry stakeholders to develop unified policies for the iron and steel sector. We heard in May that thirteen local companies are seeking the steel billet production licenses.