[SMM Iron & Steel] Ezz Steel Eyes Direct Reduced Iron (DRI) Project in Algeria

Published: Apr 16, 2026 09:11

Save

Egypt's Ezz Steel is currently negotiating with Algerian investment agencies as of April 14, 2026, to establish a new Direct Reduced Iron (DRI) facility. The project aims to leverage Algeria's natural gas resources and proximity to high-grade iron ore supplies to produce low-carbon feedstock for the Mediterranean steel market. This move reflects a broader trend among Middle Eastern and North African (MENA) producers to secure upstream metallics as the European market shifts toward EAF-based steelmaking.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 hours ago

[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Trading Volume Changed Narrowly

[SMM Hot-Rolled Coil Daily Trading] On May 9, the combined daily trading volume of hot-rolled coil from SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 15,490 mt, down 330 mt DoD (-2.1%), up 56.31% YoY (solar calendar), and up 40.31% YoY (lunar calendar).

21 hours ago

"China's Steel Exports Rise in April, May Volume Expected to Reach 10M mt"

21 hours ago

22 hours ago

Some Markets Closed during Holiday, Construction Steel Social Inventory Destocking Slowed Down

[SMM Construction Steel Large-Sample Social Inventory]

22 hours ago