Egyptian steel producer Ezz Steel will invest US$1.16 billion over the next two years to grow its production capacity. This strategy prioritizes domestic demand as international trade barriers increase. CEO Ahmed Ezz said at the World Economic Forum that exporters face conditions like those causing Western governments to implement tariffs.

The company expects its exports are likely to drop below US$1 billion by the end of 2025, down from US$1.6 billion in 2024.

Currently producing 7 million tons of long and flat-rolled products annually, Ezz Steel sees local infrastructure and construction as primary growth drivers.

To counter protected industrial markets, the company advocates for stronger economic coordination between Arab nations to secure more stable regional opportunities.