UAE Steel Market Size to Surpass USD 6,231.75 Million by 2033 | With a 3.18% CAGR

UAE Steel Market Overview

Market Size in 2024: USD 4,701.65 Million

Market Size in 2033: USD 6,231.75 Million

Market Growth Rate 2025-2033: 3.18%

According to IMARC Group's latest research publication, "UAE Steel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the UAE steel market size reached USD 4,701.65 Million in 2024. The market is projected to reach USD 6,231.75 Million by 2033, exhibiting a growth rate (CAGR) of 3.18% during 2025-2033.

How AI is Reshaping the Future of UAE Steel Market

● AI-Optimized Production Scheduling: AI platforms at Emirates Steel in Abu Dhabi predict furnace loads, reducing energy consumption by 20% and boosting output in the UAE's $8 billion steel market under Vision 2031.

● Predictive Maintenance for Rolling Mills: Machine learning forecasts equipment failures in Dubai plants, cutting downtime by 25% and ensuring continuous supply for Expo 2030 infrastructure.

● Automated Quality Inspection: Computer vision detects surface defects in Sharjah steel coils in real-time, improving quality control by 30% and minimizing rejections for high-grade exports.

● Smart Supply Chain Forecasting: AI analyzes global part metal prices for Jebel Ali recyclers, optimizing procurement costs by 15% and supporting sustainable steel production.

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UAE Steel Market Trends & Drivers:

Digital platforms propel 40% of UAE steel market growth, with AI-driven procurement systems driving $8 billion in transactions through real-time pricing analytics. Dubai and Abu Dhabi lead, as Vision 2031 integrates smart manufacturing, boosting efficiency by 25% for 70% of producers. This trend enhances scalability, cutting logistics costs by 20% and aligning with 98% digital adoption, positioning the UAE as a hub for tech-enabled steel supply amid rising construction demand.

Sustainable and recycled steel fuel 30% market expansion, with UAE's Green Agenda prioritizing low-carbon production and circular economy models. Emirates Steel offers 50% recycled content products, appealing to 60% of contractors seeking ESG compliance. Government investments, including $1 billion for green metallurgy, support electric arc furnaces, fostering innovation and alignment with global standards in the $8 billion steel sector across industrial zones.

Urbanization and mega-projects drive 35% demand surge, with the market backed by 15 million annual visitors. Dubai's smart city initiatives and Expo 2030 fuel structural steel needs for high-rises, supported by 7% annual growth. High-demand segments, with 65% of usage in rebar and structural beams, leverage unified trade policies, cementing the UAE's role as a leader in advanced steel solutions.

UAE Steel Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

● Flat Steel
● Long Steel

Product Insights:

● Structural Steel
● Prestressing Steel
● Bright Steel
● Welding Wire and Rod
● Iron Steel Wire
● Ropes
● Braids

Application Insights:

● Building and Construction
● Electrical Appliances
● Metal Products
● Automotive
● Transportation
● Mechanical Equipment
● Domestic Appliances

Regional Insights:

Dubai
Abu Dhabi
Sharjah
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in UAE Steel Market

● October 2025: Emirates Steel launches an AI-powered green steel line in Mussafah, using 80% recycled part and supplying 500,000 tons annually for sustainable construction projects.

● August 2025: Dubai Investments opens a $200 million AI-monitored rolling mill in Jebel Ali, increasing high-strength rebar production by 30% for Expo 2030 venues.

● June 2025: UAE Ministry of Industry invests $50 million in a Sharjah steel tech hub, training 1,000 workers in AI-driven quality control and predictive maintenance.

● April 2025: Conares Steel partners with Siemens for AI-optimized furnace operations in Dubai, reducing carbon emissions by 18% and meeting net-zero targets by 2030.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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