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GCC Structural Steel Market Research Report: Forecast (2026-2032)

GCC Structural Steel Market - By Type (Equal Angles (30X3mm - 50X7mm), Channels (40-50mm), Strips (25X5mm - 50X10mm), Rebars (10-32mm), Round Bars (16-30mm), Square Bars (12-25mm),...... and others Read more

Buildings, Construction, Metals & Mining
Dec 2025
Pages 165
Report Format: PDF, Excel, PPT

GCC Structural Steel Market Report Key Takeaways:

The GCC Structural Steel Market size is valued at around USD 17.94 billion in 2025 and is projected to reach USD 30.02 billion by 2032. The estimated CAGR from 2026 to 2032 is around 7.63%, indicating strong growth.
By Type, the Rebars (10-32mm) segment holds the major share, around 54.8% of total volume in 2025.
By Country, Saudi Arabia leads the GCC Structural Steel Market with a major share of around 48.91% of the entire volume.
The leading structural steel companies in GCC are Al Rajhi Steel, Saudi National Steel, Watania Steel, Al Ittefaq Steel Products Co., Solb Steel, SABIC (HADEED), Al Yamamah Company, Riyadh Steel Co, Mitwalli Steel Products Factory Co., Saudi Mechanical Industries Co., Al-Usaimi Steel Co., Ajeej Steel Manufacturing Co., SULB, Hamriyah Steel, Arab Basalt Fiber Company, Gulf Steel Industries Co. Ltd., Union Iron & Steel, Conares, EMSTEEL, Qatar Steel Company FZE, Qatar Steel Company, Al Qataria for Production of Reinforcing Steel W.L.L. (QSTEEL), Alkawther Steel, Seashore Steel, Kuwait Steel (United Steel Industrial Company), Al-Oula Steel Manufacturing Company, Modern Steel Mills L.L.C., Muscat Steel Industries Co. LLC, Jindal Shadeed Iron & Steel LLC, Al Jazeera Steel Products Company SAOG, Hadid Majan L.L.C, Universal Rolling W.L.L, and others.

Market Insights & Analysis: GCC Structural Steel Market (2026- 2032):

The GCC Structural Steel Market size is valued at around USD 17.94 billion in 2025 and is projected to reach USD 30.02 billion by 2032. Along with this, the market is estimated to grow at a CAGR of around 7.63% during the forecast period, i.e., 2026-32. The market is primarily driven by the rapid expansion of mega-construction and infrastructure projects across the GCC and the rising investments in industrial, energy, and manufacturing facilities that require high-performance structural steel.

The GCC structural steel sector is poised for sustained growth over the next several years, underpinned by a surge in construction and infrastructure activity. In 2024, the described structural‑steel fabrication segment was valued at around USD 10.11 billion; by 2030, this value is projected to climb to roughly USD 13.79 billion.

In 2024 alone, overall steel demand across the GCC rose sharply, with demand in 2024 up by about 11% year-over-year, and the UAE leading growth at roughly +20% YoY. Additionally, Infrastructure, industrial, and building awards during 2024 reportedly accounted for USD 18 billion in the UAE, signaling an active pipeline likely to require large volumes of structural steel.

Major urban‑development projects and diversified investments in logistics, industrial zones, hospitality, and housing, especially under programs designed to reduce oil dependence, continue to fuel demand. For example, a recently inaugurated 200,000 m² modular‑construction facility in Riyadh 2025 supports housing projects through prefabrication, indicating growing adoption of efficient, steel‑based modular methods in Saudi Arabia.

Across the region, the combination of prefabricated building practices, modular construction methods, and steady public/private investment pipelines is steering structural‑steel demand toward both volume expansion and higher‑value fabricated components. As urbanization, logistics expansion, and non‑oil economic growth continue to accelerate, structural‑steel players who adapt by offering high‑quality fabricated goods and modular solutions will capture the lion’s share of demand.

Given current trajectories, annual steel consumption in GCC construction could grow by mid‑single digits yearly, with occasional upticks as major projects begin, leading to a structural‑steel market size well beyond 2025 levels. As long as macro‑economic diversification and infrastructure‑led growth continue, steel demand in the region will remain robust.

In essence, the GCC structural‑steel market is not just recovering, it’s being reshaped by urbanization, modular construction, and sustained investment, setting the stage for a multi‑year expansion.

GCC Structural Steel Market Recent Developments:

February 2025: EMSTEEL launched a USD 170 million Asset Enhancement Programme, introducing high-strength rebars such as ES600 and ASTM Grade 80/100 along with advanced heavy-section structural-steel products. These upgraded materials provide superior strength, weldability, and durability for high-rise, infrastructure, and energy-sector applications.
February 2025: Alghanim Industries began constructing a 256,000 m² facility in Sudair Industrial City, Saudi Arabia, to produce 100,000 MT of structural steel and 100,000 MT of PEB annually. This product-line expansion adds factory-made steel components for warehouses, industrial buildings, and logistics hubs, significantly increasing regional supply capacity.

GCC Structural Steel Market Scope:

Category	Segments
By Type	Equal Angles (30X3mm - 50X7mm), Channels (40-50mm), Strips (25X5mm - 50X10mm), Rebars (10-32mm), Round Bars (16-30mm), Square Bars (12-25mm), and others

GCC Structural Steel Market Drivers:

Expansion of Mega Infrastructure & Urban Development Projects

The expansion of mega-infrastructure and urban-development programmes remains a powerful driver for structural-steel demand in the GCC. For example, New Murabba in Riyadh, Saudi Arabia a state-backed development by Public Investment Fund (PIF) that aims to transform central Riyadh into a modern downtown district. The project covers around 19 km² and will offer over 25 million m² of built-up floor area, including more than 104,000 residential units, 9,000 hotel rooms, extensive retail and office spaces, leisure assets, and community facilities.

For instance, New Murabba lies in The Mukaab, a massive cubic landmark (400 m × 400 m × 400 m) that will house mixed-use high-rise buildings, commercial, hospitality, cultural venues, and infrastructure. Regional rail and airport projects also add scale to the UAE’s Etihad Rail expansion and the King Salman International Airport expansion contracts, USD 7.2 billion, signal ongoing heavy-steel requirements for tracks, stations, terminals, and ancillary structures.

Future investments include NEOM phases and Trojena 2029 Asian Winter Games build-out, continued Red Sea rollouts through 2030, and national rail/airport programs, all pointing to multi-year structural-steel procurement.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
GCC Structural Steel Market Trends & Developments
GCC Structural Steel Market Dynamics
1. Drivers
2. Challenges
GCC Structural Steel Market Hotspot & Opportunities
GCC Structural Steel Market Regulation & Policies, By Country
GCC Structural Steel Market Import & Export Analysis, By Country, 2022-2032
1. U, I or H sections of iron or non-alloy steel, not further worked than hot-rolled, hot-drawn or extruded, of a height of < 80 mm
2. L sections of iron or non-alloy steel, not further worked than hot-rolled, hot-drawn or extruded, of a height of < 80 mm
3. T sections of iron or non-alloy steel, not further worked than hot-rolled, hot-drawn or extruded, of a height of < 80 mm
4. U sections of iron or non-alloy steel, not further worked than hot-rolled, hot-drawn or hot-extruded, of a height >= 80 mm
5. I sections of iron or non-alloy steel, not further worked than hot-rolled, hot-drawn or hot-extruded, of a height >= 80 mm
6. H sections of iron or non-alloy steel, not further worked than hot-rolled, hot-drawn or hot-extruded, of a height >= 80 mm
7. L sections of iron or non-alloy steel, not further worked than hot-rolled, hot-drawn or hot-extruded, of a height >= 80 mm
8. Sections of iron or non-alloy steel, not further worked than hot-rolled, hot-drawn or hot-extruded (excl. U, I, H, L or T sections)
GCC Structural Steel Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Quantity Sold (Million Tons)
2. Market Size & Analysis
  1. By Type
    1. Equal Angles (30X3mm - 50X7mm) -Market Size & Forecast 2022-2032F, Million Tons
    2. Channels (40-50mm) -Market Size & Forecast 2022-2032F, Million Tons
    3. Strips (25X5mm - 50X10mm) -Market Size & Forecast 2022-2032F, Million Tons
    4. Rebars (10-32mm) -Market Size & Forecast 2022-2032F, Million Tons
    5. Round Bars (16-30mm) -Market Size & Forecast 2022-2032F, Million Tons
    6. Square Bars (12-25mm) -Market Size & Forecast 2022-2032F, Million Tons
  2. By Country
    1. The UAE
    2. Saudi Arabia
    3. Qatar
    4. Kuwait
    5. Oman
    6. Bahrain
The UAE Structural Steel Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Quantity Sold (Million Tons)
2. Market Size & Analysis
  1. By Type-Market Size & Forecast 2022-2032F, Million Tons
Saudi Arabia Structural Steel Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Quantity Sold (Million Tons)
2. Market Size & Analysis
  1. By Type-Market Size & Forecast 2022-2032F, Million Tons
Qatar Structural Steel Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Quantity Sold (Million Tons)
2. Market Size & Analysis
  1. By Type-Market Size & Forecast 2022-2032F, Million Tons
Kuwait Structural Steel Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Quantity Sold (Million Tons)
2. Market Size & Analysis
  1. By Type-Market Size & Forecast 2022-2032F, Million Tons
Oman Structural Steel Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Quantity Sold (Million Tons)
2. Market Size & Analysis
  1. By Type-Market Size & Forecast 2022-2032F, Million Tons
Bahrain Structural Steel Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Quantity Sold (Million Tons)
2. Market Size & Analysis
  1. By Type-Market Size & Forecast 2022-2032F, Million Tons
GCC Structural Steel Local Manufacturing Outlook, By Country
1. Saudi Arabia Structural Steel and Light Sections List of Local Manufacturers
  1. Al Rajhi Steel
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  2. Saudi National Steel
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  3. Watania Steel
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  4. Al Ittefaq Steel Products Co.
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  5. Solb Steel
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  6. SABIC (HADEED)
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  7. Al Yamamah Company
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  8. Riyadh Steel Co.
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  9. Mitwalli Steel Products Factory Co.
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  10. Saudi Mechanical Industries Co.
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  11. Al-Usaimi Steel Co.
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  12. Ajeej Steel Manufacturing Co.
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  13. SULB
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
2. The UAE Structural Steel and Light Sections List of Local Manufacturers
  1. Hamriyah Steel
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  2. Arab Basalt Fiber Company
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  3. Gulf Steel Industries Co. Ltd.
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  4. Union Iron & Steel
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  5. Conares
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  6. EMSTEEL
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  7. Qatar Steel Company FZE
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
3. Qatar Structural Steel and Light Sections List of Local Manufacturers
  1. Qatar Steel Company
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  2. Al Qataria for Production of Reinforcing Steel W.L.L. (QSTEEL)
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  3. Alkawther Steel
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  4. Seashore Steel
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
4. Kuwait Structural Steel and Light Sections List of Local Manufacturers
  1. Kuwait Steel (United Steel Industrial Company)
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  2. Al-Oula Steel Manufacturing Company
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
5. Oman Structural Steel and Light Sections List of Local Manufacturers
  1. Modern Steel Mills L.L.C.
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  2. Muscat Steel Industries Co. LLC
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  3. Jindal Shadeed Iron & Steel LLC
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  4. Al Jazeera Steel Products Company SAOG
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
  5. Hadid Majan L.L.C
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
6. Bahrain Structural Steel and Light Sections List of Local Manufacturers
  1. Universal Rolling W.L.L
    1. Product Portfolio
    2. Production Capacity, 2020-2025
    3. Pricing
    4. Source of Raw Material
    5. Quantity of Scrap Generated or Processed
    6. Key Clients
    7. Expansion Plans
    8. Distribution Channels
    9. Strategic Alliance or Partnerships
    10. Recent Development
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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