El Marakby Steel, Egypt's leading steel producer manufacturing approximately 1.5 million metric tons annually, announced plans to invest in a new plant localizing production inputs. The initiative aims to reduce dependence on imported raw materials including ferroalloys, refractories & specialized steel inputs, enhancing supply chain resilience & cost competitiveness. The investment aligns alongside Egyptian governmental policies promoting import substitution under Egypt Vision 2030, potentially benefiting from investment incentives & tariff protections. Commercial success depends on capturing domestic market share across Egypt's 10-12 million metric ton annual steel industry while demonstrating quality & cost competitiveness versus established international suppliers.