The Report Cube which is one of the leading market research company in UAE expects the Africa Steel Market to grow at a CAGR of around 4. 06%through 2032, as highlighted in their latest research report. The study provides an in-depth analysis of the emerging trends shaping the Africa Steel Market and offers detailed forecasts for its potential growth during 2026–2032. The report also presents a comprehensive assessment of the competitive landscape, including profiles of leading players, their performance metrics, and recent strategic developments. Additionally, it explores the key market drivers, challenges, opportunities, and provides insights into historical and future revenue trends at the global, regional, and country levels.
Africa Steel Market Overview:
Market Size (2025): 41.21 million tons
Market Size (2032): 52.32 million tons
CAGR (2026–2032): 4.06%
Top Companies in Africa Steel Market: 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, Others.
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US LiDAR Industry Recent News and 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.
Key Growth Drivers of the Africa Steel Market:
Driver: Upgrade in Infrastructure Across Africa to Instigate Industry Growth
Africa is observing substantial investments in public infrastructure, such as commercial complexes, transportation networks, and urban housing. This expansion surge is hastening the demand for structural steel, specifically in nations like Egypt, Nigeria, and Kenya.
Africa Steel Market Segmentation
The Africa Steel Market is segmented by product, type, application, and region. Long and flat steel are the main products, with long steel leading due to strong construction demand. Carbon steel dominates the type segment for its versatility, while construction, mechanical engineering, and automotive are the primary applications. Key regional markets include Egypt, South Africa, Nigeria, and Kenya, driven by industrial growth and infrastructure development.
· By Product
o Long Stee
o Flat Stee
· By Type
o Carbon Steel
o Alloy Steel
o Stainless Steel
o Tool Steel
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· By Application
o Construction
o Mechanical Engineering
o Automotive
o Metalware
o Domestic Appliances
o Agricultural
o Others
· By Region
o Egypt
o South Africa
o Nigeria
o Kenya
o Tanzania
o Morocco
o Namibia
o Others
Note:
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About The Report Cube
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The company specializes in syndicated research, customized studies, competitive analysis, company profiling, and industry forecasting, serving clients across industries including energy, technology, healthcare, manufacturing, and more.
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