UAE Steel Market Size to Reach 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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How Vision 2030 is Revolutionizing UAE Steel Industry

The UAE's industrial sector is undergoing a profound transformation through Operation 300bn, the ambitious 10-year strategy designed to triple the industrial contribution to GDP by 2031 while advancing economic diversification and sustainability. Within this framework, the steel industry is emerging as a strategic pillar, with major producers like EMSTEEL significantly expanding production capacities, adopting advanced digital technologies, and prioritizing local sourcing to enhance in-country value. Massive infrastructure developments, including Etihad Rail, urban expansions, and iconic projects, are fueling substantial demand for premium structural steel and rebar. Simultaneously, groundbreaking initiatives in green steel production-leveraging green hydrogen, carbon capture, and renewable energy-are aligning the sector with national net-zero targets, reducing emissions dramatically, fostering innovation, attracting global investments, and positioning the UAE as a leader in sustainable, high-value manufacturing for both domestic needs and international exports.

UAE Steel Market Trends & Drivers:

The UAE steel market is undergoing a strong growth due to the rapid urbanization and the main development of the infrastructure in the residential, commercial, and transport industries. High demand in structural steel, rebar and prefabricated parts is going up due to major projects in Dubai and Abu Dhabi such as high rise buildings, airports and rail networks. Economic diversification and improvement of the tourism sector promoted by government is increasing the pace of construction, which in turn makes steel an important material to modernize cities and industrial areas. Also, new levels of fabrication are being adopted to achieve quicker completion of projects, their high quality, which will help sustain the growth of the market despite the ongoing mega-developments.

Major motivations are the focus on ensuring sustainability, and manufacturers are moving to low-carbon production with green hydrogen and renewable energy sources to achieve net-zero goals in the country. The output of long products and semi-finished steel in the local context is going up due to capacity expansions by major firms, which are no longer dependent on imports and the firms have increased competitiveness. Increased interest in the modular and off-site construction is also driving demand, since it is a solution to the shortage of labor and environmental issues. The market is still being influenced by global factors, like the supply chain processes and availability of raw materials, yet the domestic real estate and infrastructure movement still happens to be the key drivers of the consistent development of the UAE steel industry.

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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

● January 2025: UAE authorities approved large steel procurement packages for ongoing infrastructure, logistics parks, and mixed-use developments, boosting demand for rebar and structural steel.

● March 2025: Emirates Steel Arkan announced a major capacity optimization and product mix upgrade, focusing on higher-grade construction steel and low-carbon manufacturing processes.

● June 2025: Mega real estate and industrial developers signed long-term steel supply agreements with domestic mills to lock in volumes amid sustained construction activity.

● September 2025: The UAE accelerated adoption of green steel and recycled-content standards in public projects, encouraging producers to expand electric arc furnace (EAF) and defect-based production.

● December 2025: Strong exports to GCC and African markets led UAE steel producers to secure new port handling and logistics contracts, reinforcing the country's role as a regional steel supply hub.

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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