Article

Africa's iron ore production is projected to surpass 200 million tonnes annually by the early 2030s, primarily due to the Simandou project in Guinea. Despite this growth, steel production has only increased from 15 million tonnes in 2014 to just over 26 million tonnes in 2024, with a reliance on electric arc furnace technology.

The continent imports significant quantities of finished steel while possessing essential resources for primary steelmaking. A coordinated regional strategy under the AfCFTA is essential to aggregate demand and enhance primary steel production. Strengthening regional infrastructure and market integration is critical for establishing a competitive steel industry that supports the continent's industrial ambitions.