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From January to July 2025, NM450 steel the GCC steel industry continued its growth momentum, demonstrating strong resilience and potential. Benefiting from the continued advancement of regional infrastructure, construction, and industrial diversification strategies, crude steel production increased overall, with particularly significant increases in Saudi Arabia and Qatar.
According to data from the World Steel Association (Worldsteel), the six GCC countries produced a combined 12.1 million tons of crude steel in the first seven months of the year, a 5.9% year-on-year increase. NM450 steel Despite summer typically being a low season for demand, July's output remained strong, reaching approximately 1.9 million tons, a significant 30.7% year-on-year increase. Saudi Arabia, the UAE, and Qatar saw increases of 54.1%, 14.8%, and 67.8%, respectively, demonstrating that regional steelmakers maintained robust production despite high temperatures and a seasonally low demand.
As the largest steel producer in the Gulf region, Saudi Arabia achieved a 6.1% year-on-year increase in crude steel production from January to July. Industry insiders point to steady expansion in the Jazan production area as the core driver of this growth. Qatar led the GCC with a 33.9% year-on-year growth rate, reaching 935,000 tons. NM450 steel This was primarily due to the restart of new electric arc furnace capacity and the resumption of billet trade, which led to a significant increase in capacity utilization.The UAE's production exceeded 2.1 million tons during the same period, a 2.4% year-on-year increase. This performance was significantly outperformed by other countries, thanks to stable demand in the domestic long steel market, particularly rebar consumption. Oman, the region's third-largest steel producer, maintained production at around 1.8 million tons, maintaining overall stability. Meanwhile, Bahrain and Kuwait also saw a recovery after previous downturns. Bahrain's production reached 705,000 tons, a 0.7% year-on-year increase; Kuwait's production reached 643,000 tons, a 7.5% year-on-year increase, reflecting a slight recovery driven by infrastructure and housing projects.
Analysts believe that the GCC steel industry will outperform expectations in the first half of 2025. With the end of the summer off-season and the gradual launch of a new round of infrastructure and industrial projects in the region, regional steel companies' capacity utilization is expected to further increase. The expansion of production in Saudi Arabia and Qatar will also continue to drive the overall market.
