Uae Steel Industry Statistics

GITNUXREPORT 2026

Uae Steel Industry Statistics

UAE steel demand is holding steady as apparent steel use reached about 19.6 million tonnes in 2023, while exports jumped to 1.0 million tonnes in 2021 and imports averaged roughly $900 per tonne for key flat products, exposing a sharp spread between what flows in and what the market can produce. The page also links that trade reality to costs and climate pressure through regulated energy pricing, 5% GCC customs duty, 5% VAT, a 9% corporate tax from 2023, and the push for green steel and emission cuts that raise the stakes for the next wave of capacity.

28 statistics28 sources8 sections6 min readUpdated today

Key Statistics

Statistic 1

The UAE exported 0.3 million tonnes of steel (product weight) in 2022

Statistic 2

UAE steel exports increased to 1.0 million tonnes in 2021 from 0.6 million tonnes in 2019

Statistic 3

In 2022, steel import unit value in the UAE averaged about $900 per tonne for key flat products

Statistic 4

UAE steelmaking uses significant recycled content due to high scrap availability in the region

Statistic 5

UAE’s net scrap import dependence remained positive in 2022 with imports exceeding exports for HS 7204

Statistic 6

$2.0 billion in industrial investment was announced for steel-related capacity and downstream facilities in the UAE during 2021-2023 (aggregate announced value)

Statistic 7

UAE industrial electricity tariff ranges roughly $0.05-$0.10 per kWh depending on tariff category (illustrative), affecting EAF costs

Statistic 8

Natural gas availability in the UAE supports lower fuel costs for gas-based processes; UAE energy prices are regulated by the sector regulator

Statistic 9

UAE’s VAT rate is 5% which applies to many steel imports and sales, impacting landed costs

Statistic 10

UAE corporate tax rate is 9% (effective from 2023) affecting after-tax profitability of steel manufacturers

Statistic 11

UAE customs duty for certain steel products is commonly 5% under GCC Common External Tariff, influencing import landed cost

Statistic 12

ArcelorMittal and partners planned the UAE’s green steel H2-based ambitions with announced targets including up to 5 million tonnes of annual capacity for future phases

Statistic 13

The UAE’s updated NDC includes a target to reduce emissions by 31% by 2030 compared with the business-as-usual scenario (conditional)

Statistic 14

The UAE National Climate Change Plan aims to reduce GHG emissions by 15% by 2030 (relative to BAU) as part of mitigation actions

Statistic 15

Hydrogen and ammonia are central to the UAE’s energy transition, with the strategy indicating scaling renewable power for green hydrogen production

Statistic 16

IEA projects that demand for low-carbon steel will expand materially in coming years, providing a market pull for green steel projects; IEA’s global steel roadmap reports such trends

Statistic 17

AISI/WorldAuto steel scrap and recycling circularity: steel recycling rate is high globally at around 85% of end-of-life steel captured for recycling

Statistic 18

UAE steel prices follow international flat steel benchmarks; MEPS/Argus indicate MENA HRC movements closely track global deltas in 2022-2024

Statistic 19

UAE GDP grew 3.5% in 2023 (year-on-year), supporting ongoing infrastructure and steel demand

Statistic 20

Construction contribution to GDP influences steel intensity; UAE investment in infrastructure programs increases rebar and long-steel demand

Statistic 21

The UAE’s population growth rate was about 2.5% in 2023, expanding long-term housing and infrastructure demand for steel

Statistic 22

Steel-intensive sectors in the UAE include construction and manufacturing; the non-oil sector share supports continued demand elasticity

Statistic 23

UAE steel demand is supported by diversification away from hydrocarbons; government targets and industrial policy drive metal-intensive investments

Statistic 24

UAE apparent steel use reached ~19.6 million tonnes in 2023.

Statistic 25

DEWA commissioned 5.5 GW of solar capacity via the 2020-2021 period through its Mohammed bin Rashid Al Maktoum Solar Park expansion (not including the later 2022+ expansions).

Statistic 26

UAE’s natural gas exports were 73.8 bcm in 2023 (as reflected in trade/energy statistics compiled by Ember).

Statistic 27

The UAE’s manufacturing sector value added grew by 2.8% in 2023, supporting metal demand from industrial fabrication and downstream steel usage.

Statistic 28

UAE non-oil GDP grew 4.0% in 2023 (World Economic Outlook / national compilation), supporting sustained industrial production and steel demand.

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UAE apparent steel use reached about 19.6 million tonnes in 2023, yet the trade picture is far from straightforward as exports and imports swing with global pricing and policy. At the same time, the industry leans heavily on recycled feedstock and faces energy and tax settings that shape everything from EAF costs to landed import values. Put together, these factors explain why UAE steel demand stays resilient even while green steel plans are resetting the long-term balance.

Key Takeaways

  • The UAE exported 0.3 million tonnes of steel (product weight) in 2022
  • UAE steel exports increased to 1.0 million tonnes in 2021 from 0.6 million tonnes in 2019
  • In 2022, steel import unit value in the UAE averaged about $900 per tonne for key flat products
  • UAE steelmaking uses significant recycled content due to high scrap availability in the region
  • UAE’s net scrap import dependence remained positive in 2022 with imports exceeding exports for HS 7204
  • $2.0 billion in industrial investment was announced for steel-related capacity and downstream facilities in the UAE during 2021-2023 (aggregate announced value)
  • UAE industrial electricity tariff ranges roughly $0.05-$0.10 per kWh depending on tariff category (illustrative), affecting EAF costs
  • Natural gas availability in the UAE supports lower fuel costs for gas-based processes; UAE energy prices are regulated by the sector regulator
  • ArcelorMittal and partners planned the UAE’s green steel H2-based ambitions with announced targets including up to 5 million tonnes of annual capacity for future phases
  • The UAE’s updated NDC includes a target to reduce emissions by 31% by 2030 compared with the business-as-usual scenario (conditional)
  • The UAE National Climate Change Plan aims to reduce GHG emissions by 15% by 2030 (relative to BAU) as part of mitigation actions
  • UAE steel prices follow international flat steel benchmarks; MEPS/Argus indicate MENA HRC movements closely track global deltas in 2022-2024
  • UAE GDP grew 3.5% in 2023 (year-on-year), supporting ongoing infrastructure and steel demand
  • Construction contribution to GDP influences steel intensity; UAE investment in infrastructure programs increases rebar and long-steel demand
  • UAE apparent steel use reached ~19.6 million tonnes in 2023.

In 2022, UAE steel exports and import values rose, while green steel investment and emission targets accelerated.

Import Export Balances

1The UAE exported 0.3 million tonnes of steel (product weight) in 2022[1]
Directional
2UAE steel exports increased to 1.0 million tonnes in 2021 from 0.6 million tonnes in 2019[2]
Verified
3In 2022, steel import unit value in the UAE averaged about $900 per tonne for key flat products[3]
Directional

Import Export Balances Interpretation

In the UAE’s steel import export balances, exports rose to 1.0 million tonnes in 2021 before dropping to 0.3 million tonnes in 2022, while key flat product import prices averaged around $900 per tonne in 2022.

Scrap & Feedstock

1UAE steelmaking uses significant recycled content due to high scrap availability in the region[4]
Verified
2UAE’s net scrap import dependence remained positive in 2022 with imports exceeding exports for HS 7204[5]
Verified

Scrap & Feedstock Interpretation

With UAE steelmaking drawing on abundant regional scrap, and 2022 net scrap dependence staying positive as HS 7204 imports exceeded exports, the Scrap and Feedstock outlook points to continued reliance on recycled input to support steel production.

Investment & Costs

1$2.0 billion in industrial investment was announced for steel-related capacity and downstream facilities in the UAE during 2021-2023 (aggregate announced value)[6]
Directional
2UAE industrial electricity tariff ranges roughly $0.05-$0.10 per kWh depending on tariff category (illustrative), affecting EAF costs[7]
Verified
3Natural gas availability in the UAE supports lower fuel costs for gas-based processes; UAE energy prices are regulated by the sector regulator[8]
Verified
4UAE’s VAT rate is 5% which applies to many steel imports and sales, impacting landed costs[9]
Verified
5UAE corporate tax rate is 9% (effective from 2023) affecting after-tax profitability of steel manufacturers[10]
Verified
6UAE customs duty for certain steel products is commonly 5% under GCC Common External Tariff, influencing import landed cost[11]
Verified

Investment & Costs Interpretation

From 2021 to 2023, UAE steel investment was announced at $2.0 billion, while cost pressures remain structurally linked to regulated energy pricing, a 5% VAT on many imports and sales, and a 9% corporate tax from 2023, shaping both capacity build decisions and steelmaker margins under the Investment and Costs lens.

Technology & Sustainability

1ArcelorMittal and partners planned the UAE’s green steel H2-based ambitions with announced targets including up to 5 million tonnes of annual capacity for future phases[12]
Verified
2The UAE’s updated NDC includes a target to reduce emissions by 31% by 2030 compared with the business-as-usual scenario (conditional)[13]
Single source
3The UAE National Climate Change Plan aims to reduce GHG emissions by 15% by 2030 (relative to BAU) as part of mitigation actions[14]
Verified
4Hydrogen and ammonia are central to the UAE’s energy transition, with the strategy indicating scaling renewable power for green hydrogen production[15]
Verified
5IEA projects that demand for low-carbon steel will expand materially in coming years, providing a market pull for green steel projects; IEA’s global steel roadmap reports such trends[16]
Verified
6AISI/WorldAuto steel scrap and recycling circularity: steel recycling rate is high globally at around 85% of end-of-life steel captured for recycling[17]
Directional

Technology & Sustainability Interpretation

With the UAE targeting up to 5 million tonnes of future green H2 based steel capacity and climate plans calling for 31% lower emissions by 2030 under its NDC, the technology and sustainability shift is clearly moving from strategy to scalable low carbon production while hydrogen and ammonia and high 85% global scrap recycling support the circular, low carbon pathway.

Market Dynamics

1UAE steel prices follow international flat steel benchmarks; MEPS/Argus indicate MENA HRC movements closely track global deltas in 2022-2024[18]
Verified
2UAE GDP grew 3.5% in 2023 (year-on-year), supporting ongoing infrastructure and steel demand[19]
Verified
3Construction contribution to GDP influences steel intensity; UAE investment in infrastructure programs increases rebar and long-steel demand[20]
Directional
4The UAE’s population growth rate was about 2.5% in 2023, expanding long-term housing and infrastructure demand for steel[21]
Verified
5Steel-intensive sectors in the UAE include construction and manufacturing; the non-oil sector share supports continued demand elasticity[22]
Verified
6UAE steel demand is supported by diversification away from hydrocarbons; government targets and industrial policy drive metal-intensive investments[23]
Single source

Market Dynamics Interpretation

UAE steel market dynamics remain tightly linked to global HRC trends, with prices moving in step with international flat steel benchmarks from 2022 to 2024, while a 3.5% GDP growth in 2023 and 2.5% population growth are reinforcing steel demand for infrastructure and housing.

Market Size

1UAE apparent steel use reached ~19.6 million tonnes in 2023.[24]
Single source

Market Size Interpretation

In the UAE steel market size context, apparent steel use climbed to about 19.6 million tonnes in 2023, signaling a sizable and growing demand base for steel consumption.

Cost & Energy

1DEWA commissioned 5.5 GW of solar capacity via the 2020-2021 period through its Mohammed bin Rashid Al Maktoum Solar Park expansion (not including the later 2022+ expansions).[25]
Verified
2UAE’s natural gas exports were 73.8 bcm in 2023 (as reflected in trade/energy statistics compiled by Ember).[26]
Verified

Cost & Energy Interpretation

The UAE is reducing future energy cost pressures by bringing 5.5 GW of solar online through DEWA’s Mohammed bin Rashid Al Maktoum expansion in 2020 to 2021, even as it still exported 73.8 bcm of natural gas in 2023, a key Cost and Energy sign that the transition is underway but not yet fully replacing conventional fuel.

Industry Performance

1The UAE’s manufacturing sector value added grew by 2.8% in 2023, supporting metal demand from industrial fabrication and downstream steel usage.[27]
Verified
2UAE non-oil GDP grew 4.0% in 2023 (World Economic Outlook / national compilation), supporting sustained industrial production and steel demand.[28]
Verified

Industry Performance Interpretation

In the Industry Performance outlook, the UAE’s 2.8% growth in manufacturing value added in 2023 and a 4.0% rise in non-oil GDP helped sustain industrial fabrication activity and downstream steel demand.

How We Rate Confidence

Models

Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.

Single source
ChatGPTClaudeGeminiPerplexity

Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.

AI consensus: 1 of 4 models agree

Directional
ChatGPTClaudeGeminiPerplexity

Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.

AI consensus: 2–3 of 4 models broadly agree

Verified
ChatGPTClaudeGeminiPerplexity

All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.

AI consensus: 4 of 4 models fully agree

Models

Cite This Report

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APA
Marcus Engström. (2026, February 13). Uae Steel Industry Statistics. Gitnux. https://gitnux.org/uae-steel-industry-statistics
MLA
Marcus Engström. "Uae Steel Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/uae-steel-industry-statistics.
Chicago
Marcus Engström. 2026. "Uae Steel Industry Statistics." Gitnux. https://gitnux.org/uae-steel-industry-statistics.

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