Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Explore Our Diverse Range Of Offerings
From detailed reports to experts services offered in 15+
Industry Domains
Report Overview
The Africa steel market reached a volume of 39.24 Million Tons in 2025. The market is expected to grow at a CAGR of 3.40% during the forecast period of 2026-2035 to reach a volume of 54.82 Million Tons by 2035. Expanding renewable energy infrastructure is generating substantial demand for high-strength, low-carbon steel across Africa.
The market is undergoing transformative growth, fueled primarily by the construction boom across urban and semi-urban regions. South Africa leads steel production on the continent, generating 4.063 million tons of crude steel from January to October 2024, according to the Africa steel market analysis. This surge in output reflects strong government-backed infrastructure programs, such as the R347.7 billion in National Treasury investment in public works between 2022 and 2025, which is driving consistent demand for structural and reinforcing steel.
Egypt is rapidly positioning itself as a regional steel hub. Strategic investments, including India’s Essar Group contemplating a USD 590 million steel plant, alongside domestic expansions by Beshay Steel, are enabling the country to meet domestic infrastructure needs and capture several Africa steel market opportunities for expansion. Nigeria is actively revitalizing its steel sector through operationalization of the Ajaokuta Steel Plant and new facilities like the USD 400 million Stellar Steel Plant in Ogun State, targeting over 3,500 jobs and reducing the country’s billion annual steel import dependence.
Moreover, rising urbanization, an expanding middle class, and increasing renewable energy initiatives, such as wind and solar projects requiring specialized steel, are contributing to robust Africa steel market growth. Moreover, technological advancements, including the adoption of electric arc furnace (EAF) and low-carbon XCarb™ production processes, are setting Africa on a sustainable, competitive trajectory.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
-
Africa is viewed as a high-cost, low-productivity manufacturing destination for steel. Most of Africa's steel production is typically used in low-value industries like building, construction, automotive, machinery, and appliances.
-
As per industry reports, in 2024, Africa's crude steel production increased by 1.1% year-on-year to 1.9 million metric tons.
-
Prominent players in the market are Hesteel Group, Egyptian Steel Group, African Industries Group, and Devki Steel Mills Limited.
Competitive Landscape
The market is highly competitive, shaped by both global steel giants and emerging local producers striving to capture opportunities across construction, automotive, and renewable energy sectors. Most of the Africa steel companies are increasingly focusing on technological innovation, sustainable production, and strategic partnerships to meet the continent’s growing infrastructure demand. Advanced manufacturing technologies like electric arc furnaces and low-carbon production methods are helping firms reduce operational costs and environmental impact.
Additionally, investment in local rolling mills, downstream processing, and specialized steel grades for automotive and energy applications is enabling Africa steel market players to differentiate themselves. The rising urbanization, large-scale infrastructure programs, and renewable energy projects present substantial growth opportunities for both domestic and international players. Market participants are also leveraging regional trade agreements such as AfCFTA to expand market access, optimize logistics, and offer tailored solutions for local and export markets.
POSCO Co., Ltd.
Established in 1968 and headquartered in Pohang, South Korea, POSCO is a global steel leader delivering advanced steel solutions across Africa. The company focuses on high-strength and specialty steels for construction, automotive, and renewable energy applications. By investing in local partnerships and sustainable production practices, POSCO supports regional infrastructure projects while expanding its product portfolio to meet evolving industrial demands.
Acerinox S.A.
Founded in 1970 and based in Spain, Acerinox is a leading stainless steel manufacturer catering to Africa’s industrial, construction, and energy sectors. The company emphasizes innovative production technologies, corrosion-resistant steels, and flexible supply chain solutions. Through strategic distribution networks and regional partnerships, Acerinox addresses growing demand for durable steel products in automotive, infrastructure, and appliance manufacturing applications.
Nippon Steel Corporation
Headquartered in Tokyo, Japan, and established in 2012, Nippon Steel provides high-quality flat and long steel products for Africa’s construction, mechanical, and automotive sectors. The company leverages advanced manufacturing, sustainable steelmaking processes, and technology transfer programs to enhance local capacity. Its tailored solutions help meet the region’s infrastructure and industrial requirements while promoting environmentally responsible production practices.
Outokumpu Oyj
Outokumpu, founded in 1914 and based in Helsinki, Finland, specializes in stainless and high-performance steels for Africa’s automotive, industrial, and energy sectors. By offering corrosion-resistant and recyclable steel grades, Outokumpu supports sustainable construction and industrial projects. The company invests in regional partnerships and innovation-driven R&D to address evolving market demands while optimizing operational efficiency and environmental performance.
Other key players in the market are African Industries Group, Egyptian Steel Group, El Marakby Steel, The Libyan Iron and Steel Company, Dinson Iron & Steel Company (Private) Limited, and Best Angola Metal, among others.
Africa Steel Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2025, the Africa steel market reached an approximate volume of 39.24 Million Tons.
The market is projected to grow at a CAGR of 3.40% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach 54.82 Million Tons by 2035.
Stakeholders are investing in local manufacturing, implementing low-carbon technologies, expanding specialized steel portfolios, forming regional partnerships, enhancing supply chains, and leveraging trade agreements to capture Africa’s growing steel demand.
Key trends aiding market expansion include the increased attention to locally produced steel, expansion of steel manufacturers in the region, and development of steel alloys for improved properties.
Countries considered in the market are South Africa, Mozabique, Zambia, Democratic Republic of the Congo, Botswana, Zimbabwe, Namibia, Malawi, Angola, among others.
Steel is an alloy of iron and carbon which offers properties like tensile strength, yield strength, malleability, and toughness.
The different types of steel in the market are carbon steel, alloy & tool steel and stainless steel.
The various application of steel in the market are construction, mechanical engineering, automotive, metalware, domestic appliances and agricultural, among others.
The key players in the market include POSCO Co., Ltd., Acerinox S.A., Nippon Steel Corporation, Outokumpu Oyj, African Industries Group, Egyptian Steel Group, El Marakby Steel, The Libyan Iron and Steel Company, Dinson Iron & Steel Company (Private) Limited, and Best Angola Metal, among others.
High raw material costs, infrastructure constraints, energy inefficiencies, and regulatory hurdles, coupled with intense competition and fluctuating global steel prices, are the main challenges facing Africa steel market participants.
Datasheet
One User
USD 3,499
USD 3,149
tax inclusive*
- Selected Segments
- Printing Restrictions
- Excel Spreadsheet Delivered via Email
- Full Report
- Periodic Updates
- Post Sales Analysts Support
- Unlimited Prints
Single User License
One User
USD 5,599
USD 5,039
tax inclusive*
- All Segments
- Printing Restrictions
- PDF Delivered via Email
- Custom Report Layout
- Post Sales Analysts Support
- Periodic Updates
- Unlimited Prints
Five User License
Five User
USD 6,999
USD 5,949
tax inclusive*
- All Segments
- Five Prints Available
- PDF Delivered via Email
- Limited Free Customization
- Post Sales Analyst Support
- Custom Report Layout
- Periodic Updates
- Unlimited Prints
Corporate License
Unlimited Users
USD 8,459
USD 7,190
tax inclusive*
- All Segments
- Unlimited Prints Available
- PDF & Excel Delivery via Email
- Limited Free Customization
- Post Sales Analysts Support
- Discount On Next Update
- Custom Report Layout
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Bundle Type
Flash Bundle
20% OFF
Number of Reports: 3
Small Business Bundle
25% OFF
Number of Reports: 5
Growth Bundle
30% OFF
Number of Reports: 8
Enterprise Bundle
35% OFF
Number of Reports: 10
Overview
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 80 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 100 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
- 3 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- Complimentary Excel Data Set
- PPT Version of the Report
- Power BI Dashboards
- License Upgrade
- Free Analyst Hours
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
- 5 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- Complimentary Excel Data Set
- PPT Version of the Report
- Power BI Dashboards
- License Upgrade
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
- 8 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- License Upgrade
- Free Analyst Hours - 80 Hours
- Power BI Dashboards
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
- 10 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- License Upgrade
- Power BI Dashboards
- Free Analyst Hours - 100 Hours
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
- Our Insights Store:
-
Industry Statistics
-
Procurement Insights
-
Consumer Insights
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124