Ahmed Ezz - Ezz Steel founder - is credited with establishing the Arab world's top steel producer, a company boasting revenue gains of 38% year on year.
According to a report published by Daily News Egypt, Ezz Steel ranked as the top steel producer throughout both the Arab region and Africa in 2021. The company reported strong growth in both domestic and export markets, supported by a 12% increase in crude output that year, enabling Ezz Steel to establish a new record with export sales totalling $1.3 billion. Ezz Steel remains a trendsetter and market maker throughout the global steelmaking industry, with the company's successful launch of high tensile steel grade B500DWR creating a new market standard in Egypt, meeting clients' economic and quality standards while simultaneously mitigating the environmental impact.
About Ahmed Ezz and Ezz Steel
Born, raised and educated in the Egyptian capital, Cairo, Ahmed Ezz was inspired by his father's belief that, provided an individual takes responsibility for their success and works hard enough, anything is possible. An officer in the Egyptian Armed Forces, Ahmed Ezz's father, Mr Abdel Aziz Ezz, graduated in the same class as the late Egyptian President, Gamal Abdel Nasser. Ahmed Ezz credits many of his business successes to lessons imparted to him by his father, who taught him from an early age that with hard work he could achieve anything he set his mind to, provided he took responsibility for his own successes and failings.
Starting out in the family trading firm, Ahmed Ezz strived to diversify the business. He expanded into the field of premium brand ceramics before subsequently venturing into the steelmaking industry, which became his principal business activity from the early 1990s. Establishing Ezz Steel, he embarked on a series of major investments designed to significantly increase steelmaking capacity throughout Egypt.
He soon acquired the El-Baraka rolling mills in 10th of Ramadan City, as well as establishing Al Ezz Steel Rebars, where steel production commenced in 1996. Ezz Steel went on to establish Al Ezz Flat Steel, before acquiring 1.7 million shares in Alexandria National Steel Company, relaunching it as Ezz Dekheila Steel Company and, after acquiring more shares, floating it on the stock market.
Ezz Steel itself was floated in 1999 on both the London Stock Exchange and Egyptian Stock Exchange. Under Ahmed Ezz's stewardship, the company has grown to become an increasingly important player in the global steel industry, as well as establishing itself as the Arab world and Africa's largest steel producer.
