Uae Long Steel Products Market Size & Outlook, 2025-2030
The long steel products market in the UAE is expected to reach a projected revenue of US$ 3,351.2 million by 2030. A compound annual growth rate of 3.6% is expected of the UAE long steel products market from 2024 to 2030.
The UAE long steel products market generated a revenue of USD 2,620.7 million in 2023 and is expected to reach USD 3,351.2 million by 2030.
The UAE market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
In terms of segment, rebars was the largest revenue generating product in 2023.
Wire Rods is the most lucrative product segment registering the fastest growth during the forecast period.
Long steel products market data book summary
Market revenue in 2023
USD 2,620.7 million
Market revenue in 2030
USD 3,351.2 million
Growth rate
3.6% (CAGR from 2024 to 2030)
Largest segment
Rebars
Fastest growing segment
Wire Rods
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Rebars, Wire Rods, Sections, Tubes
Key market players worldwide
ArcelorMittal SA Depository Receipt, Jindal Stainless, Emirates Steel, Arabian Gulf Steel Industries, Hamriyah Steel, Rajhi Steel, Union Iron & Steel, Watania Steel
Other key industry trends
In terms of revenue, UAE accounted for 0.4% of the global long steel products market in 2023.
Country-wise, China is expected to lead the global market in terms of revenue in 2030.
In Middle East & Africa, Saudi Arabia long steel products market is projected to lead the regional market in terms of revenue in 2030.
Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,997.8 million by 2030.
The United Arab Emirates (UAE) has a significant demand for steel long products driven by ongoing infrastructure projects and the expanding construction industry. The UAE does not have significant reserves of iron ore, the main raw material used in the production of steel, and therefore relies mainly on imports. The country imports iron ore mainly from Brazil, Australia, and South Africa.
However, the UAE has made significant investments in the development of its domestic mining industry to produce raw materials for steel production. For example, Emirates Steel, the largest producer of steel in the UAE, operates a direct-reduced iron (DRI) plant in Abu Dhabi, which produces raw materials for steel production.
The company produces a wide range of steel products including rebar, wire rod, and structural steel. Other companies involved in the production of steel products in the UAE include Union Iron and Steel Company, Conares, and Hamriyah Steel.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Long Steel Products Market Outlook will help companies and investors design strategic landscapes.
Rebars was the largest segment with a revenue share of 42.16% in 2023.
Horizon Databook has segmented the Uae long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
The United Arab Emirates (UAE) has a significant demand for steel long products driven by ongoing infrastructure projects and the expanding construction industry. The UAE does not have significant reserves of iron ore, the main raw material used in the production of steel, and therefore relies mainly on imports. The country imports iron ore mainly from Brazil, Australia, and South Africa.
However, the UAE has made significant investments in the development of its domestic mining industry to produce raw materials for steel production. For example, Emirates Steel, the largest producer of steel in the UAE, operates a direct-reduced iron (DRI) plant in Abu Dhabi, which produces raw materials for steel production.
The company produces a wide range of steel products including rebar, wire rod, and structural steel. Other companies involved in the production of steel products in the UAE include Union Iron and Steel Company, Conares, and Hamriyah Steel.
Uae Long Steel Products Market Product Outlook (Revenue, USD Million , 2018-2030)
Rebars
Wire Rods
Sections
Tubes
Uae Long Steel Products Market End-Use Outlook (Revenue, USD Million , 2018-2030)
Building & Construction
Automotive & Aerospace
Railways & Highways
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE Long Steel Products Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into UAE Long Steel Products Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.