Forecast: Raw Steel Production in Egypt

Egypt's raw steel production has witnessed notable fluctuations over the past decade. From 2013 to 2016, production saw a declining trend, dropping from 6.75 million metric tons in 2013 to 5.04 million metric tons in 2016. However, a recovery began in 2017, with significant year-on-year growth, and production reached 8.26 million metric tons in 2023. This resurgence marks a turnaround driven by various factors, including economic reforms and increased industrial demand. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 stood at 1.14%, indicating moderate growth.

Moving forward, the forecast predicts a steady increase in raw steel production, with a forecasted CAGR of 1.56% from 2023 to 2028, reaching 9.12 million metric tons by 2028. This growth aligns with Egypt's ongoing infrastructure projects and economic development plans, which are expected to boost steel demand.

Future trends to watch for include:

• Increased investment in infrastructure projects.
• Advancements in steel production technology.
• Potential impacts of global economic conditions on steel demand and prices.
• Environmental regulations and sustainability initiatives influencing production processes.
• Geopolitical factors affecting raw material supplies and export markets.