Egypt’s El-Marakby Steel aims to increase its rebar exports by at least 10pct in 2025, targeting 140,000 tons compared to 120,000 tons worth USD 80 mln last year, according to the local media reports.
CEO Eng. Hassan El-Marakbi stated that the company operates in 40 foreign markets and plans to expand its exports to Brazil, aiming for 40,000 tons, up from 10,000-15,000 tons last year. He also emphasized the company’s commitment to playing a key role in reconstruction efforts in neighboring countries.
El-Marakby Steel’s local market sales grew by 15pct over the past two years, and the company remains open to acquisition opportunities to boost productivity and add value.
To support sustainability initiatives, El-Marakby Steel plans to invest nearly USD 20 mln over the next two years to enhance renewable energy use in its factories, reducing emissions and lowering its carbon footprint ahead of the EU’s upcoming carbon tax on imports. According to El-Marakbi, the company already has the lowest carbon footprint per ton due to its advanced technology and use of scrap in steel production.
The company is focused on improving and diversifying its steel products while enhancing factory efficiency without increasing production capacity. It is also working on introducing new products using existing production lines without additional machinery. El Marakby Steel is currently expanding its product portfolio and increasing the rolling capacity from 400,000 tons to 460,000 tons of rebar and wire rod per year.
