PRESSR: Fastmarkets Middle East Iron & Steel 2025 opens in Dubai

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Dubai – The opening day of the 28th edition of Middle East Iron & Steel 2025 brought global attention to the major forces reshaping the iron and steel industry, as senior executives from across MENA, Europe, and Asia examined shifting trade flows, rising protectionism, and the accelerating push toward low-carbon production.The discussions come at a time when global oversupply, the EU’s Carbon Border Adjustment Mechanism, and redirected exports are placing unprecedented pressure on steel producers and traders worldwide. With the Middle East now anchored by a USD 3 trillion project pipeline and rapidly expanding industrial capacity, speakers emphasized the region’s increasing weight in supply, investment, and long-term competitiveness.“In an evolving geopolitical landscape, resilience and strategic foresight have become decisive advantages. At EMSTEEL, we are strengthening supply chains, accelerating decarbonization, and deepening regional partnerships so that uncertainty becomes an opportunity, not a constraint, for our industry and for the UAE’s industrial future.” Eng. Saeed Ghumran Al Rumeithi, Group CEO EMSTEEL.One clear theme emerged early in the discussions: the center of gravity in global steel is moving. Participants noted that while trade tensions and tariff realignments are creating uncertainty in established markets, the Middle East’s investment momentum, energy advantage, and industrial scale are positioning the region as a far more influential player in global supply and pricing dynamics.Raju Daswani, CEO of Fastmarkets, said, “Protectionist measures have made steel markets far more volatile. We’ve seen sharp movements in HRC benchmarks across Europe and the US as tariffs and quota regimes tighten. The doubling of US Section 232 tariffs is just one example of how national industrial strategies are now driving global price behaviour.”Recurring discussions on the region’s structural competitiveness, driven by reliable raw material access and long-term project visibility. CEOs from the region’s largest steel producers highlighted that while markets across Asia and Europe continue to grapple with volatility, MENA’s evolving industrial base is benefiting from predictable demand anchored by construction, logistics, energy, and manufacturing expansion. Reflecting this confidence, Harssha Shetty, CEO of Jindal Steel, noted that the region’s resource s...

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