Steel Dynamics Q1 net income jumps to $403 million Nuvama downgrades Jindal Steel to Reduce Rebar and input costs remain on radar High speed steel market seen growing at 3.33% CAGR
The GCC steel market is expected to grow steadily over the next decade, with the sector projected to rise from USD 3.6 billion in 2025 to USD 5.2 billion by 2034, reflecting a 3.90% CAGR during 2026–2034. The outlook points to a market supported by long-term construction activity, industrial expansion and public investment across the Gulf.
Growth is being driven by large infrastructure projects, rapid urban development and government-backed localization strategies aimed at strengthening domestic manufacturing and reducing reliance on imports. Demand for structural steel, rebars and flat steel products is expected to remain firm as the region continues investing in transportation, energy and real estate.
Another key trend is the shift toward more efficient and sustainable steel production. Producers across the GCC are increasingly focusing on energy-saving technologies, recycling and digital tools such as automation and AI to improve productivity and stay competitive.
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