Ezz Steel at a glance
Ezz Steel (formerly, Al Ezz Steel Rebars Co. S.A.E) ‘‘Ezz Steel" (EGX: ESRS); (LSE: AEZD) is the largest independent steel producer in the Middle East and North Africa, with a total production capacity of 7 million tons of finished steel products per annum. Ezz Steel is the Egyptian market leader in terms of production capacity and sales. In 2019, Ezz Steel produced 3.3 million tons of long products (typically used in construction) and 1.1 million tons of flat steel (typically used in consumer / industrial goods).
The Ezz Steel customer base is geographically diversified, with flat steel mainly directed to export markets, whereas long products are typically sold in the local market.
Ezz Steel uses integrated state-of-the-art Direct Reduced Iron (DRI) based Electric Arc Furnace (EAF) technology, enabling it to link the efficient EAF with Iron Ore as its primary raw material, achieving greater flexibility and cost efficiency, and higher steel quality than the standard EAF and conventional technology.