GCC Steel Market Expanding At A CAGR Of 4.10% During 2025-2033

(MENAFN- IMARC Group) The GCC steel market size is projected to exhibit a growth rate (CAGR) of 4.10% during 2025-2033. The GCC steel market is driven by robust construction and infrastructure development, fueled by economic diversification and government-led mega-projects.

Key Highlights

• CAGR (2025–2033): 4.10%
• GCC steel market grows with green steel initiatives, automation, and prefabrication technologies for sustainable, efficient construction.
• Infrastructure projects, urbanization, and government investments in economic diversification drive robust demand for steel products.
• Long products dominate, fueled by construction sector demand for rebar, wire rods, and structural steel.

How Is AI Transforming the Steel Market in GCC?

• AI boosts steel production efficiency, cutting energy use by up to 15% with smart process optimization at plants like Emirates Steel.
• Predictive maintenance powered by AI reduces downtime by 20%, saving millions, as seen in Saudi Aramco's steel operations.
• UAE's AI Strategy 2031 drives steel innovation, with government funding enabling AI adoption in mills for better quality control.
• AI analytics enhance supply chain efficiency, reducing logistics costs by 10% for GCC steel firms like SABIC.
• Jindal Steel's AI-driven quality checks improve defect detection by 30%, ensuring higher-grade steel for regional construction projects.

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GCC Steel Market Trends and Drivers

• Growing construction activities: Expanding infrastructure and real estate projects in the GCC region increase demand for structural steel materials.
• Urbanization and population growth: Rapid urban development and rising population fuel the need for housing, transport, and commercial construction.
• Government infrastructure investments: National development plans drive large-scale projects like airports, railways, and industrial zones, boosting steel consumption.
• Oil & gas sector expansion: Pipeline and refinery developments demand steel products for machinery, storage tanks, and structural support.
• Rising steel imports and local production: Trade policies and domestic manufacturing upgrades balance supply-demand in the regional steel market.

GCC 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

Country Insights:

• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman

Recent News and Developments in GCC Steel Market

• February 2025: SEE Holding and Arabian Gulf Steel Industries signed an MoU to boost sustainable construction via low‐carbon steel use, Circular‐Economy practices, and R&D collaboration .
• May 2025: Danieli announced two strategic projects for Emsteel in Abu Dhabi-electrifying natural gas preheating in direct‐reduction plants and using Thermo‐Mechanical Control Process to cut water use by up to 30% .
• July 2025: India and UAE engaged in a CEPA‐based dialogue to expand green‐steel collaboration, trading in high‐grade materials for sectors like automotive, and securing raw‐material supply lines.

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Competitive Landscape:

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

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