Ethiopian Steel

What Ethiopian Steel does

Ethiopian Steel PLC (also known by its Amharic brand Anbesa Korkoro / Anbessa Korkoro) is a private Ethiopian manufacturer of steel roofing sheets, headquartered in Akaki Kality, Addis Ababa, and operating since 1996. The company sells a portfolio of pre-painted galvanized and aluminum zinc-coated roofing profiles — Versatile, Elegantile, Normal Corrugated, the EGA 300/400/500/600 series with multi-way rain flow systems, Crimp curved profiles, and accessories such as flashings, gutters, and roof ridges — distributed through two company-owned showrooms in Addis Ababa (Lebu and Summit 72), a main factory point of sale, and regional service centers in Gondar, Mekelle, and Hawassa. It is a member of the Safal Group, a 60+ year-old pan-African steel roofing conglomerate with operations in 40+ countries, and benefits from group-level Zincal coating technology and quality standards certified by the Ethiopian Conformity Assessment and Certification Organization.

The company's revenue model is direct, one-time sale of manufactured roofing products to end customers, with orders requiring a minimum 50% upfront payment and full payment before production begins. Standard orders are produced in 1 day, with free delivery within Addis Ababa for orders of three or more and free on-site measurement services. Customer segments are largely horizontal — primarily residential homeowners and small contractors, with secondary exposure to industrial/commercial buildings, educational institutions, parking structures, and agricultural buildings — sourced through retail showroom traffic, phone, WhatsApp, and a bilingual (English/Amharic) website supplemented by active social media presence (Facebook, Instagram, TikTok, LinkedIn, X) and a virtual roof visualizer tool.

Operationally, the company reports 51–100 employees, an unstructured management team led by a General Manager with functions spanning sales, production, supply chain, finance, HR, and legal, and no disclosed funding, M&A, or revenue figures. Strategic positioning leans on brand heritage (28 years), Safal Group affiliation, nationwide physical reach, and a willingness to invest in digital customer tools (visualizer, social, WhatsApp) and group-driven management training.

Name

Ethiopian Steel

Legal name

Ethiopian Steel PLC

Website

https://ethiopiansteelplc.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

Ethiopian Steel PLC, also known as Anbesa Korkoro, is a 1996-founded Ethiopian manufacturer of pre-painted galvanized and aluminum zinc-coated steel roofing sheets, serving residential, commercial, industrial, and institutional customers through showrooms, a factory, and regional service centers as a member of the Safal Group.

Ownership category

akta.pro rank

Product category

Steel Roofing Solutions

NAICS

Sheet Metal Work Manufacturing (332322)

SIC

Sheet Metal Work (3444)

akta.pro primary industry

Metal Roofing Systems (IMADAFAB)

akta.pro secondary industries

Flashing, Edge Metal & Roof Accessories (IMADAFAJ), Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG)

Keywords

• Steel roofing sheets
• Metal roofing systems
• Corrugated roofing profiles
• Pre-painted galvanized steel
• Roofing accessories and flashings

Headquarters

HQ city

Addis Ababa

HQ country

Ethiopia

HQ region

Africa

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Steel Roofing Sheet Sales: The primary revenue stream is the manufacture and direct sale of steel roofing sheets and accessories. Products include Versatile, Elegantile, Normal Corrugated, EGA (300, 400, 500, 600), Crimp profiles, flashings, gutters, and roof ridges. Sales are conducted through company-owned showrooms and factory. Customers place orders with initial payment (minimum 50%) and full payment before production begins. Production turnaround is 1 day for standard orders.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels9 records

Core offering

Ethiopian Steel PLC manufactures and sells steel roofing sheets and roofing accessories in Ethiopia. The product portfolio includes Versatile, Elegantile, Normal Corrugated, and the EGA series (EGA 300, 400, 500, 600) roofing sheets, plus Crimp curved profiles and accessories such as Flashings, Gutters, and Roof Ridges. Products are produced from pre-painted galvanized steel and pre-painted aluminum zinc steel at the company's main factory in Akaki Kality, Addis Ababa, and sold through company-owned showrooms and regional service centers.

Product overview

Ethiopian Steel PLC offers a comprehensive portfolio of steel roofing solutions as part of the Safal Group. The product line consists of core roofing sheet products (Versatile, Elegantile, Normal Corrugated, and the EGA series in 300/400/500/600 variants) plus specialized offerings (Crimp for curved applications) and accessories (Flashings, Gutters, Roof Ridges). All products are manufactured using galvanized steel, aluminum zinc-coated steel, and color-coated steel materials. The EGA series represents a tiered solution family differentiated by coverage width and rain flow channels (3-way through 6-way systems), while the Versatile and Elegantile lines serve residential applications and Normal Corrugated provides cost-effective traditional profiles.

Differentiator

Problem solved

Functional benefit

Products and services

• Versatile High-quality pre-painted galvanized steel or pre-painted aluminum zinc steel roofing sheets designed for residential, commercial, and industrial applications. Features corrosion resistance, weather durability, and multiple color options.
• Elegantile Premium residential steel roofing tiles that mimic traditional clay tile appearance while providing superior steel durability. Combines aesthetics with corrosion resistance for both residential and commercial buildings.
• Normal Corrugated 11/3 Standard corrugated roofing sheets with 11 ridges and 3 valleys pattern. Made from galvanized steel or aluminum. Cost-effective solution for residential, agricultural, and industrial applications with effective water drainage.
• EGA 300 High-performance roofing sheet with sleek modern profile featuring concealed fixing installation. Made from pre-painted galvanized steel or pre-painted aluminum zinc steel with superior strength and weather resistance. Suitable for warehouses, commercial buildings, and residential homes.
• EGA 400 Advanced roofing solution with 4-way rain flow system ensuring superior water drainage. Designed for industrial, commercial, and residential projects in heavy rainfall areas. Features leak-proof interlocking system and concealed fixing installation.
• EGA 500 Advanced high-performance roofing sheet with 5-way rain flow system for superior rainwater management. Engineered for industrial, commercial, and residential projects in regions with heavy rainfall. Features reinforced profile for long-lasting performance and aesthetic appeal.
• EGA 600

Quantifiable outcome

• Products delivered within 1 day from order date when customer picks up; 3–5 days delivery by company vehicle within Addis Ababa
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Safal GroupcoreOthersEthiopian Steel PLC is a member of Safal Group, Africa's largest steel roofing company established in 1962 with operations across Eastern, Central, and Southern Africa. Safal Group supplies high-quality metal roofing and building products to over 40 countries worldwide with 3,500+ employees. Ethiopian Steel benefits from Safal Group's quality standards, manufacturing expertise, Zincal coating technology, and brand credibility. Safal Group's operating companies were consolidated under Safal Investments Mauritius Limited in 2003. Safal Steel, established in 2008 as a subsidiary, introduced advanced Zincal coating technology combining zinc and aluminum for superior corrosion resistance.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Safal Steel: The parent operating subsidiary that introduced Zincal coating technology to the group and operates across multiple African markets. Directly comparable in product and technology stack; relevant for understanding group-level capabilities Ethiopian Steel can leverage.
• Mabati Rolling Mills: A fellow Safal Group subsidiary in Kenya producing metal roofing sheets (including Versatile, Elegantile, EGA equivalents) for East Africa. Closest comparable — same parent, same product architecture, same multi-way rain flow technology — competing in a neighboring geography.

Broad incumbents

• BlueScope Steel: Australian-listed global steelmaker with established roofing and coated-steel product brands. Comparable on product technology (color-coated and metallic-coated steel sheets) and serves adjacent emerging markets, though not focused on East Africa.
• ArcelorMittal South Africa: African operating arm of global steelmaker ArcelorMittal producing flat steel products, including coated and galvanized sheet used in roofing applications. Comparable as a large African steel incumbent serving similar downstream construction demand.
• Tata Steel (Africa roofing): A global incumbent steel producer with branded roofing and coated steel product lines serving multiple African markets. Comparable as a broad portfolio player in coated galvanized and roofing steel, but not specialized in Ethiopian/East-African residential roofing.
• Everest Industries: Indian building products company producing steel roofing sheets, roofing accessories, and pre-engineered buildings. Comparable as a multi-product steel roofing manufacturer serving price-sensitive residential and commercial customers in emerging markets.

Emerging players

• Lysaght (BlueScope): BlueScope's branded building solutions arm producing coated metal roofing, walling, and accessories for residential and commercial markets across Asia and Africa. Comparable on the finished-roofing-product side rather than upstream steel, with growing presence in African markets.

Regional players

• MM Steel Ethiopia: Other regional steel roofing manufacturers operating in East Africa. Comparable regional peers competing in the same price-sensitive corrugated and EGA-equivalent segments where Ethiopian Steel explicitly notes it prices at a premium.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/esplc_
• Facebookfacebook.com/esplcsafal24
• LinkedInlinkedin.com/company/ethiopian-iron-and-steel-factory
• Instagraminstagram.com/esplcsafal
• TikToktiktok.com/@esplcsafal

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ethiopian Steel