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Egypt’s Steel consumption increases in 2022

During 2022, Egypt’s rebar steel consumption increased to 7.895 million tonnes, compared to a consumption volume of 7.344 million tonnes in 2021, with a growth rate of 8%, as a result of the increase in consumption directed to private construction. However, high inflation rates began to limit this. The consumption rate in the fourth quarter of 2022 was about 1.905 million tonnes, compared to 2.107 million tonnes in the third quarter of the same year, a decrease of 10%.

The domestic consumption of HRC products increased to 1.655 million tonnes in 2022, compared to 1.508 million tonnes in 2021, an increase of 10%. The most significant consumer sectors are steel pipes and cold rolled steel products (CRC), while the most considerable growth sector are metal structures and steel pipes.

As of 2018, Egypt’s flat steel consumption has increased at satisfactory rates and has reached an average compound annual growth rate (CAGR) of 10.8%, according to a report by Ezz Steel.

 

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