UAE Steel Market Size to Hit 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

● Predictive Maintenance in Production AI monitors equipment in plants like EMSTEEL to forecast failures using sensor data. This minimizes unplanned downtime by 20-30%, boosts output reliability, and supports continuous operations for high-demand infrastructure projects.

● Quality Control with Computer Vision AI inspects steel products in real-time for defects during rolling and fabrication. This enhances precision in rebar and structural sections, reducing waste and ensuring compliance with green building standards in UAE developments.

● Supply Chain and Demand Forecasting Machine learning predicts material needs based on construction pipelines and global prices. It optimizes imports, inventory, and logistics, cutting costs amid volatile raw materials and supporting timely deliveries for mega-projects.

● Energy Efficiency and Decarbonization AI optimizes furnace operations and electric arc processes to lower energy use by 15-20%. This accelerates adoption of low-carbon steel, aligning with UAE Net Zero goals and rising demand for sustainable materials.

● Process Automation and Customization AI integrates robotics and generative design for custom fabrication in structural steel. This speeds production of complex components for towers, bridges, and industrial zones while improving efficiency in competitive markets.

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How We the UAE 2031 is Revolutionizing UAE Steel Industry

The 'We the UAE 2031' vision positions steel for growth, with Operation 300 Billion, supporting industrial GDP targeting AED 300 billion, and diversification of the national economy. Record investments in infrastructure, manufacturing and renewable energy creates long-term demand for rebar, structural beams and prefabricated steel products as part of the iconic developments such as Etihad Rail expansion, Al Maktoum Airport, smart cities and logistics parks in Dubai and Abu Dhabi.

This includes sustainability incentives, regulation, green and recycled content-H2-based green steel production and Estidama codes. By becoming a leader in net-zero domestic steel producers such as EMSTEEL, the UAE can create partnerships, reduce imports, and increase exports.

In addition, the government will take steps to counter dumping and grant spectrum for advanced technologies. Steel will be a high growth, green industry as urbanization and tourist infrastructure grows, and will be supported by foreign direct investment in manufacturing, investment in innovative technologies, building of resilient supply chains and increasing capacity to improve the long term competitiveness of the non-oil economy.

UAE Steel Market Trends & Drivers

The UAE steel market is expected to register moderate growth in 2026. The total market demand is driven by construction of projects worth AED 189 billion and structural steel fabrication worth USD 2.33 billion. Steel demand trends are lower carbon/green steel, CBAM, prefabrication for faster buildings, and high rebar consumption from residential/commercial/public infrastructure projects in the core emirates.

The 'We the UAE 2031' mega-projects, the strong tourism and real estate markets, urbanization and transport infrastructure development, and government sustainability initiatives mandating recycled and high-strength products, represent opportunities. Protectionism for the domestic industry against imports, with the latter being targeted at heavy sections and long products, represents a risk.

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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

● July 2025: Emirates Steel opens a new low-carbon production line in Abu Dhabi, using AI-optimized furnaces to supply rebars for Dubai's Expo 2030 pavilions, boosting output by 15%.

● April 2025: UAE Ministry of Industry invests $30 million in a smart steel facility in Sharjah, integrating AI for quality control and creating 150 jobs for local manufacturing.

● August 2025: Al Ghurair Iron & Steel partners with local contractors to provide sustainable steel beams for Dubai's new projects, reporting a 20% surge in orders.

● March 2025: Ras Al Khaimah Economic Zone launches a steel recycling initiative, using AI to streamline sorting and cutting waste by 25% for construction-grade materials.

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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