Arab Special Steel Company (ArcoSteel), operating under Al-Ashry Steel Group, announced that it is preparing to make a new investment of approximately EGP 6 billion (USD 120 million) in 2026 as part of its growth strategy. Through this investment, the company aims to expand its production capacity, diversify its product portfolio, and enhance its competitive position in both local and global markets.
Ahmed Hammam, Managing Director of ArcoSteel, stated that the investment plan includes the commissioning of 12 new wire-drawing production lines, in addition to the establishment of a new cold-rolled steel production line. Hammam noted that these investments will particularly support the production of high value-added special steel products and broaden the company’s industrial solutions.
Continuing its growth ambitions on the export front, ArcoSteel aims to export approximately 100,000 tons of special steel by the end of 2026, targeting export revenues of around USD 90 million. Turkey and Italy remain the company’s main export markets, while Spain, Germany, Poland and Bulgaria are also among its key destinations in Europe.
Hammam emphasized that ArcoSteel’s strategic focus is on special steel used in the automotive industry, heavy machinery, equipment manufacturing and precision engineering applications. He underlined that expertise in this segment provides the company with a strong competitive advantage compared to conventional steel producers.
Following its acquisition by Al-Ashry Steel Group in 2021, ArcoSteel underwent a comprehensive operational transformation while maintaining its workforce. As a result of this transformation, the company increased its annual production capacity from 140,000 tons to 240,000 tons. Hammam also highlighted that ArcoSteel’s participation in Wire & Tube Düsseldorf 2026 helped establish new business connections in Europe, supported by the company’s advanced quality control systems and modern testing laboratories that meet the highest international standards.
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