Kuwait's steel industry is an integral part of its metals market, playing a crucial role in infrastructure and construction sectors. Recent data indicates a notable upward trend in both trade volume and steel prices, reflecting the dynamic economic environment in the region. In the past year, the volume of steel imports to Kuwait has surged by approximately 15%, driven by heightened demand in the construction sector as new infrastructure projects are launched. This increase in demand has been accompanied by a steady rise in steel prices, which have escalated by about 12% over the same period. The average price per ton of imported steel currently stands at USD 700, marking a significant increase from previous years. These trends are influenced by several factors, including global supply chain disruptions and increased raw material costs, which have led to price volatility in the international steel market. Additionally, local initiatives to upgrade infrastructure have further amplified the demand for steel, solidifying its importance in the country's economic landscape. Kuwait's strategic location and ongoing development projects make it a key player in the regional steel market.

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