Suez Steel Promotes Self-Sufficiency by Launching New Factories with Leading Technologies in the Middle East

In a strategic move toward enhancing industrial independence and reducing dependence on imports, Suez Steel, one of the largest iron and steel companies in Egypt and the region, announced the commencement of operations of two new factories, representing a qualitative leap in the production and technological capabilities of the heavy industries sector. The first factory is dedicated to concentrating and refining iron ore, with a massive production capacity of 5 million metric tons per year. This will contribute to supporting local supply chains and reducing the need to import raw materials. This factory is expected to save the country more than $400 million annually from its import bill for iron pellets. The second factory, dedicated to producing railway sections and heavy sections, has a capacity of up to 800,000 metric tons per year and is unique in the region. It is expected to play a vital role in supporting major infrastructure projects inside and outside Egypt, particularly in the Middle East and African markets. In a special statement, Rafik El-Daw, Vice Chairman and Managing Director of Suez Steel, said that these factories represent "a shield in the construction battle and a sword in the development battle." He pointed out that what has been achieved is the fruit of an ambitious national vision and careful strategic planning to enhance local production and achieve industrial self-sufficiency. El-Daw explained that the factory is the first of its kind in the world in its ability to produce metal sections weighing from 18 to 1,370 kg per linear meter, a rare technical advantage that gives Egypt a competitive edge in the global market and consolidates the company's position as a regional center for the production of these highly specialized products. He added that these projects contribute to reducing the import bill by an estimated $1 billion annually, which will strengthen the national economy and consolidate the trend toward relying on local production rather than foreign imports. El-Daw also revealed future plans to increase the production capacity of the iron pellet plant to 15 million tons annually, which would place the company among the largest global steel companies in terms of manufacturing capabilities. Al-Daw concluded his statement by emphasizing that what Suez Steel is achieving reflects the new spirit of Egyptian industry, which is based on innovation, the transfer of modern technology, and the development of national competencies. He emphasized that this project represents an inspiring model for heavy industries in the region and a fundamental pillar in building a strong, diversified, and sustainable national economy.