The Middle East’s steel market is projected to grow from $44 billion in 2026 to $60 billion by 2031, driven by nearly $2 trillion in infrastructure and industrial projects. This growth positions the region as a key player in the global steel industry.
Fastmarkets’ Middle East Iron & Steel (MEIS) conference, set for November 16-18, 2026, in Dubai, will bring together industry leaders to discuss the region’s growth, trade, and investment outlook. EMSTEEL, the regional host sponsor, will be represented by its Group CEO, Eng Saeed Ghumran Al Remeithi, alongside other prominent figures such as Ahmed Ezz of Ezz Steel and Sharjeel Azhar of Al Ittefaq Steel Products.
The region’s steel production reflects its momentum, with GCC crude steel output reaching 21.6 million tonnes in 2025, a 9.5% year-over-year increase. Electric arc furnaces dominate regional production, accounting for approximately 95% of output, which strengthens the Middle East’s position in the transition to lower-carbon steelmaking.
The Middle East’s steel industry is at a crossroads, with significant investment and growing demand coinciding with global challenges such as shifting trade flows and decarbonization requirements. As the region moves from planning to execution, its role in the global steel market is likely to expand, driven by its resources, capabilities, and commitment to sustainable production methods.
MEIS 2026 will look into the factors shaping the regional steel market, including infrastructure projects, steel demand, trade flows, and raw material supply. The conference aims to provide insights into the market’s future direction, supporting collaboration and opportunity identification among industry stakeholders.
Middle East’s Steel Industry Focuses on Lower-Carbon Production
The Middle East’s steel industry is emphasizing lower-carbon production methods, with electric arc furnaces dominating regional output. This approach positions the region strongly in the global shift towards sustainable steelmaking. EMSTEEL, a key regional player, aims to support growth with high-quality steel while accelerating the transition to lower-carbon production.