Egyptian Steel has carved a trailblazing path through Egypt ’ s steel industry since its foundation 2010 . The company has invested over $ 1 billion over the past 2 years , chiefly on constructing two massive state of the art steel megaprojects , but also on developing exemplary business operations , environmentally friendly practices and CSR standards . The company is confident that its actions will contribute to a successful Initial Public Offering ( IPO ) in the next five years .