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-Enhanced Production Efficiency: AI algorithms at Emirates Steel optimize furnace operations, reducing energy consumption by 25% and boosting output in the UAE’s $2.5 billion steel market under Vision 2031.
  • Predictive Maintenance Analytics: Machine learning forecasts equipment failures in Abu Dhabi’s rolling mills, cutting downtime by 30% and ensuring timely supply for Dubai’s construction boom.
  • Quality Control Automation: Computer vision inspects steel rebars in real-time at Sharjah plants, improving defect detection by 20% and aligning with global standards for GCC exports.
  • Supply Chain Optimization: AI predicts raw material needs for UAE’s steel factories, lowering logistics costs by 15% and supporting Expo 2030 infrastructure demands.
  • Sustainable Process Modeling: AI designs low-carbon steel production methods, reducing emissions by 18% and aligning with UAE’s Green Agenda for eco-friendly industrial growth.

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UAE Steel Market Trends & Drivers:

Digital platforms propel 35% of UAE steel market growth, with AI-driven tools streamlining $2.5 billion in production through real-time analytics. Dubai and Abu Dhabi lead, as Vision 2031 integrates smart manufacturing, boosting efficiency by 25% for 70% of steel producers. This trend enhances precision, cutting operational costs by 20% and aligning with 98% industrial digitization, positioning the UAE as a hub for tech-driven steel amid rising infrastructure demands.

Sustainable production fuels 30% market expansion, with UAE’s Green Agenda promoting low-carbon steel for construction. Companies like Emirates Steel reduce emissions by 15%, appealing to 60% of developers prioritizing ESG compliance. Government investments, including $500 million for green tech, support energy-efficient plants, fostering innovation and alignment with global standards in the $2.5 billion steel sector across urban industrial hubs.

Urbanization and mega-projects drive 40% demand surge, with the UAE market backed by 15 million annual visitors. Dubai’s $2.8 trillion GCC wealth and Expo 2030 fuel steel consumption for 4,000 construction projects, supported by 7% annual growth. High-demand segments, with 65% of output for rebars and structural steel, leverage unified trade policies, cementing the UAE’s role as a leader in regional steel production.

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UAE Steel Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

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

  • September 2025: Emirates Steel launches an AI-driven recycling program in Abu Dhabi, processing 500,000 tons of scrap annually to produce sustainable rebars, cutting costs by 10% for local contractors.
  • June 2025: Dubai’s Al Ghurair Iron & Steel secures a $200 million contract to supply AI-optimized steel beams for Expo 2030 pavilions, boosting production by 15%.
  • April 2025: UAE Ministry of Industry invests $40 million in a smart steel plant in Sharjah, integrating AI for quality control and creating 180 jobs for regional projects.
  • August 2025: Ras Al Khaimah Economic Zone introduces a steel innovation hub, using AI to streamline logistics and reporting a 20% increase in exports to GCC markets.

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