Report

Africa Steel Market Report and Forecast 2026-...

112 pages Apr 2025
Africa Steel Market Report and

Africa Steel Market Report and Forecast 2026-2032

Africa Steel Market Size, Share, Analysis, Report - By Type (Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel), By Application (Construction, Mechanical Engineering, Automotive, Metalware, Domestic Appliances, Agricultural, Others), By Product (Long Steel, Flat Steel), and Othersve, Metalware, Domestic Appliances, Agricultural, Others), By Product (Long Steel, Flat Steel), and Others

  • Chemicals and Materials
  • Pages : 112
  • Apr 2025

  • Report Format :  

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Africa Steel Market Insights & Analysis

The Africa Steel Market reached a value of nearly USD 41.21 million tons in 2025. The market is assessed to grow at a CAGR of around 4.06%, during the forecast period of 2026-2032 to attain a value of around USD 52.32 million tons in 2032. The industry is likely to grow steadily over the following years due to the region's developing industrialization, infrastructure, and building activity.

The Africa Steel Market is growing, owing to the rising demand for steel in varied industries, such as equipment, energy, automotive, and construction. Likely, enormous infrastructure projects, including the construction of Kenya's LAPSSET corridor, Nigeria's railway expansion, and Egypt's New Administrative Capital, are consuming a lot of steel. Also, domestic production and demand are being further augmented by advantageous government initiatives, such as the African Continental Free Trade Area (AfCFTA), which are refining regional supply chains & simplifying trade laws.

Africa Steel Market FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2026-2032): 4.06%

  • Market Value 2032: USD 52.32 Million tons

  • Fastest Growing Market: Egypt

  • Major Players: African Industries Group, Egyptian Steel Group, Nippon Steel Corporation, POSCO Co., Ltd., Acerinox S.A., Outokumpu Oyj, El Marakby Steel, Suez Steel Company, The Libyan Iron & Steel Company, and Others. 
 

Moreover, Africa's increasing prominence in industrial production & renewable energy is another significant economic driver that raises demand for stainless & alloy steel in several applications.  Additionally, nations like South Africa & Egypt are escalating their capacity & advancing their production due to smart partnerships with global steel giants & continuous foreign direct investments (FDIs), hence enhancing the Africa Steel Market share.

Furthermore, future anticipation indicates that the Africa Steel Market would thrive due to urbanization, a youthful workforce, and increasing demand for reasonably priced housing & transportation. Also, sustainability objectives & technical advancements in steel production, together, are possibly going to be fundamental in determining the growth of the market in the future years.

Africa Steel Market Upgrades & Recent Developments

2024:

  • African Industries Group extended its steel rolling mill in Nigeria to improve production capacity for construction-grade steel.
  • Egyptian Steel Group introduced its eco-friendly billet production unit, focused on decreasing carbon emissions & improving sustainable manufacturing.

2025:

  • POSCO Co., Ltd. declared a joint venture with a local partner in South Africa to launch a cold-rolled steel plant targeting the automotive sector.
  • Acerinox S.A. signed a strategic agreement with El Marakby Steel to supply high-grade stainless steel to North African industries.

  1. Introduction

    1. Objective of the Study

    2. Product Definition

  2. Market Segmentation

    1. By Product

      1. Long Stee

      2. Flat Stee

    2. By Type

      1. Carbon Steel

      2. Alloy Steel

      3. Stainless Steel

      4. Tool Steel

    3. By Application

      1. Construction

      2. Mechanical Engineering

      3. Automotive

      4. Metalware

      5. Domestic Appliances

      6. Agricultural

      7. Others

    4. By Region

      1. Egypt

      2. South Africa

      3. Nigeria

      4. Kenya

      5. Tanzania

      6. Morocco

      7. Namibia

      8. Others

  3. Study Variables

    1. Market Drivers

    2. Market Challenges

    3. Opportunity Assessment

  4. Research Methodology

    1. Secondary Data Points

    2. Primary Data Points

    3. Breakdown of Primary Interviews

  5. Executive Summary

  6. Market Dynamics

    1. Drivers

    2. Challenges

    3. Opportunity Assessment

  7. Recent Trends and Developments

    1. Green Steel Initiatives

    2. Infrastructure Projects

    3. Technological Advancements

  8. Policy and Regulatory Landscape

  9. Africa Steel Market Overview (2020–2034)

    1. Market Size, By Volume (in Million Tons)

    2. Market Share, By Product

    3. Market Share, By Type

    4. Market Share, By Application

    5. Market Share, By Region

  10. Africa Steel Market Forecast (2025–2034)

    1. By Product

    2. By Type

    3. By Application

    4. By Region

  11. Competitive Outlook (Company Profile - Partila List)
    1. African Industries Group
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    2. Egyptian Steel Group
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    3. Nippon Steel Corporation
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    4. POSCO Co., Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    5. Acerinox S.A.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    6. Outokumpu Oyj
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    7. El Marakby Steel
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    8. Suez Steel Company
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    9. The Libyan Iron & Steel Company
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    10. Others 
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
  12. Contact Us & Disclaimer

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