NewsSignals AI analysis·Zawya·Oct 29, 2026

ZAWYA: Middle East steel market set to reach $60bln by 2031 on infrastructure boom

Grade Bbullish AI signal

The Middle East steel market is forecast to grow from $44 billion in 2026 to $60 billion by 2031, driven by major infrastructure and industrial development. The region is backed by nearly $2 trillion in infrastructure and industrial projects, while GCC crude steel output rose 9.5% year over year to 21.6 million tonnes in 2025. Continued infrastructure investment and demand for lower-carbon steel could support regional production growth and create opportunities for steel producers across the supply chain.

Bullish strength: 80/100

Middle East steel market forecast to expand from $44 billion in 2026 to $60 billion by 2031.
Nearly $2 trillion in regional infrastructure and industrial projects underpin demand.
GCC crude steel output increased 9.5% year over year in 2025.
Electric arc furnaces account for approximately 95% of regional crude steel production.

Bearish strength: 20/100

Steel producers face shifting trade flows, decarbonisation requirements and ongoing market uncertainty.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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