Hassan El Marakby, CEO of Elmarakby Steel, one of Egypt’s leading steel manufacturers and suppliers, shared insights into the company’s future plans.
El Marakby revealed that Elmarakby Steel intends to increase its rebar exports to 140,000 metric tons this year, building on the 120,000 metric tons worth $80 million of rebar exports in 2024. The company aims to expand its exports to Brazil, targeting 40,000 metric tons in comparison to 10,000-15,000 metric tons last year. Additionally, the company has set a goal to expand into 40 countries. Over the last two years, the company has seen a 15 percent growth in local sales.
Looking ahead, Elmarakby Steel plans to invest EGP 1 billion (around $19.74 million) over the next two years to increase renewable energy use, reduce emissions, and prepare for the EU’s Carbon Border Adjustment Mechanism (CBAM), which will take effect next year. According to El Marakby, the company has the lowest carbon footprint per ton of steel, thanks to its use of scrap and clean production technologies.
Ultimately, Elmarakby Steel is focused on improving steel product quality, expanding its product portfolio, and seeking acquisition opportunities to enhance productivity and add value.
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