ETHIOPIA STEEL MARKET

KEY FINDINGS

1. Africa's second most populous nation-Ethiopia has several high value infrastructure projects( Roads, rail, energy, telecom) ongoing at the moment resulting in massive steel demand
2. China has been a major financier of these infra projects as Ethiopia is a central hub in China's belt and road initiative
3. Ethiopia has been a major importer of steel and other metal related products but now the govt is taking steps to promote iron processing and steel making industry locally
4. The govt now believes that there is sufficient iron ore, coal and limestone in the country to manufacture iron and steel in the country
5. However,there are financial challenges for local players in setting up steel factories, As steel requires heavy CAPEX but the banks are not willing to finance that as yet.

INTRODUCTION

An industrial facility for the production of steel is known as a steel mill or steelworks. It could be a fully integrated steel plant that performs every stage of the steelmaking process, from smelting iron ore to rolling the finished product, but it could also be a facility that produces steel semi-finished casting goods from molten pig iron or from scrap.

ETHIOPIA STEEL MARKET SIZE AND FORECAST

The Ethiopia steel market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

MARKET DYNAMICS

Raval Steel Manufacturing PLC is constructing a new steel factory in Ethiopia's Bahir Dar City, Amhara Region. The factor has currently produced 500 permanent jobs, and it is anticipated that it will hire 500 more while utilising an additional 20,000 temporary workers.

The largest steel factory in the Amhara Region is RAVAL Steel Manufacturing. The factory is anticipated to save the nation a significant sum on steel imports.

One of Ethiopia's major iron ore reserves is in the Amhara Region. As of now, no company has begun iron-ore mining in the nation. Even though Ethiopia has a dozen or so steel plants, the majority of them import raw materials and utilise imported scrap iron to produce various steel products.

Addis Ethiopia, In Oromia State's Dukem town, a steel mill has been constructed. The steel mill can melt 450 tonnes of iron ore per day and manufacture 600 tonnes of steel per day when it is fully operational. It was discovered that the factory would provide 700 residents with work and would help with the scarcity of foreign currency.

Additionally, it will increase Ethiopia's industrial and construction industry's capability and demonstrate how the government is fostering greater participation from the private sector.

COMPANY PROFILE

• C & E Brothers Steel Factory PLC
• Mame Steel Mill plc
• Alemgena Steel Factory
• Adama Steel Factory
• ETHIOPIAN STEEL PLC Company
• Sentinel Steel

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many    Steel  are manufactured per annum in Ethiopia ? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Ethiopia Steel  and key vendor selection criteria
3. Where is the  Ethiopia Steel manufactured? What is the average margin per unit?
4. Market share ofEthiopia  Steel  market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufactureEthiopia  Steel  in-house
6. 5 key predictions for next 5 years in  US   Steel market
7. Average B-2-B   Steel  price in all segments
8. Latest trends in   Steel market, by every market segment
9. The market size (both volume and value) of the   Steel market in 2022-2030 and every year in between?
10. Production breakup of  Steel market, by suppliers and their OEM relationship