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Africa Steel Market Size, Share, Growth, Trends, Forecast: By Product: Long Steel, Flat Steel; By Type: Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel; By Application: Construction, Mechanical Engineering, Automotive, Metalware, Domestic Appliances, Agricultural, Others; Regional Analysis; Competitive Landscape; 2024-2032
Leading Companies in the Africa Steel Market
Market players are expanding their production footprint across different countries in Africa and utilising technology to reduce the environmental footprint of steel manufacturing
African Industries Group is a diversified global producer which is headquartered in Lagos, Nigeria and founded in 1971. Primarily a manufacturing company, the group has multiple manufacturing plants and facilities that are located throughout Nigeria. They specialise in iron and steel manufacturing, agricultural products, power generation, steel processing, building materials, and logistics and shipping.
Egyptian Steel Group, founded in 2010, is headquartered in Cairo, Egypt. The company operates four primary steel factories under its holding company, producing a wide range of steel products using the latest eco-friendly technology. The group's steel products cater to various industries such as construction, automotive, transportation, energy, packaging, tools and machinery, and consumer appliances.
Nippon Steel Corporation, headquartered in Japan, is one of the largest and most rapidly growing steelmakers based in Japan. The company has been functioning in the manufacturing industry since 1950. The corporation was formed after the merger of Fuji Iron and Steel Company with Yawata Iron and Steel Company. The company offers multiple steel-related products, including steel plates, steel, sheets, structural steel, pipes and tubes, railway, automotive, machinery parts, and titanium, among other products.
POSCO Co., Ltd., founded in 1968 and headquartered in South Korea is a mining and steel manufacturing company and is the 6th largest steel producer in the world. The company has developed a wide network through which they provide its services for various areas of business including steel, energy, agro-commodities, chemical products, machinery parts, and infrastructure, among others.
Other key players in the Africa steel market report include Acerinox S.A., Outokumpu Oyj, El Marakby Steel, Suez Steel Company, and The Libyan Iron & Steel Company, among others.
Africa Steel Market Report Snapshots
Africa Steel Market Regional Analysis
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Steel Market Overview
8.1 Key Industry Highlights
8.2 Global Steel Historical Market (2018-2023)
8.3 Global Steel Market Forecast (2024-2032)
8.4 Global Steel Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Africa Steel Market Overview
9.1 Key Industry Highlights
9.2 Africa Steel Historical Market (2018-2023)
9.3 Africa Steel Market Forecast (2024-2032)
10 Africa Steel Market by Product
10.1 Long Steel
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Wire Rod
10.1.3.2 Rebars
10.1.3.3 Merchant Bars
10.1.3.4 Heavy Sections
10.1.3.5 Others
10.2 Flat Steel
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Hot Rolled Wide Strip
10.2.3.2 Quarto Plate
10.2.3.3 Others
11 Africa Steel Market by Type
11.1 Carbon Steel
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Alloy Steel
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Stainless Steel
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Tool Steel
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Africa Steel Market by Application
12.1 Construction
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mechanical Engineering
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Automotive
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Metalware
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Domestic Appliances
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Agricultural
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 Africa Steel Market by Country
13.1 Egypt
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.1.3 Breakup by Product
13.1.4 Breakup by Type
13.1.5 Breakup by Application
13.2 South Africa
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.2.3 Breakup by Product
13.2.4 Breakup by Type
13.2.5 Breakup by Application
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.3.3 Breakup by Product
13.3.4 Breakup by Type
13.3.5 Breakup by Application
13.4 Kenya
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.4.3 Breakup by Product
13.4.4 Breakup by Type
13.4.5 Breakup by Application
13.5 Tanzania
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.5.3 Breakup by Product
13.5.4 Breakup by Type
13.5.5 Breakup by Application
13.6 Morocco
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.6.3 Breakup by Product
13.6.4 Breakup by Type
13.6.5 Breakup by Application
13.7 Namibia
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.7.3 Breakup by Product
13.7.4 Breakup by Type
13.7.5 Breakup by Application
13.8 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 7218, 7222, 7228, 7227)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 POSCO Co., Ltd.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Acerinox S.A.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Nippon Steel Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Outokumpu Oyj
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 African Industries Group
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Egyptian Steel Group
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 El Marakby Steel
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Libyan Iron and Steel Company
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Pacific Steel Market: Key Industry Highlights, 2018 and 2032
2. Africa Steel Market: Key Industry Highlights, 2018 and 2032
3. Africa Steel Historical Market: Breakup by Product (USD Million Tons), 2018-2023
4. Africa Steel Market Forecast: Breakup by Product (USD Million Tons), 2024-2032
5. Africa Steel Historical Market: Breakup by Type (USD Million Tons), 2018-2023
6. Africa Steel Market Forecast: Breakup by Type (USD Million Tons), 2024-2032
7. Africa Steel Historical Market: Breakup by Application (USD Million Tons), 2018-2023
8. Africa Steel Market Forecast: Breakup by Application (USD Million Tons), 2024-2032
9. Africa Steel Historical Market: Breakup by Country (USD Million Tons), 2018-2023
10. Africa Steel Market Forecast: Breakup by Country (USD Million Tons), 2024-2032
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Importing Countries by Volume
15. Africa Steel Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 39.49 million tons.
The market is expected to grow at a CAGR of 3.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 51.86 million tons by 2032.
The growing construction industry, rapid urbanisation and industrialisation, and diversification of steel applications are major market drivers.
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 Egypt, South Africa, Nigeria, Kenya, Tanzania, Morocco, and Namibia, 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 steel, stainless steel, and tool steel.
The various application of steel in the market are construction, mechanical engineering, automotive, metalware, domestic appliances and agricultural, among others.
Key players in the market are African Industries Group, Egyptian Steel Group, Nippon Steel Corporation, POSCO Co., Ltd., Acerinox S.A., Outokumpu Oyj, El Marakby Steel, Suez Steel Company, and The Libyan Iron & Steel Company, among others.
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